Wallace v. Elliott

NORTHCOTT, Circuit Judge.

This appeal involves two claims for preferences filed in a suit in equity brought on January 25, 1932, in the District Court of the United States for the Eastern District of South Carolina, by Ira Krupnick against the Peoples State Bank of South Carolina and the State Bank Examiner of the State of South Carolina. The appellees, William Elliott and Robert Gage, are the receivers of the defendant bank.

One of the claims for a preference was filed by the appellant, the City of Sumter, a municipal corporation and was for $10,-525, made up of two items, one for $10,-375 and…