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GILE v. DUKE

Nos. 4544, 4545.

5 F.2d 952 (1925)

GILE v. DUKE, Supervisor of Banking of Washington, et al. JENKS v. SAME.

Circuit Court of Appeals, Ninth Circuit.

Rehearing Denied August 3, 1925.

Attorney(s) appearing for the Case

William H. Trindle, of Salem, Or., for plaintiffs in error.

Kelly & MacMahon, of Tacoma, Wash., and Bowerman & Kavanaugh, of Portland, Or., for defendants in error.

Before GILBERT, HUNT, and RUDKIN, Circuit Judges.

RUDKIN, Circuit Judge.

The Scandinavian-American Bank of Tacoma was a banking corporation organized under the laws of the state of Washington. The original capital of the bank was $200,000, but this was increased on June 27, 1919, to the sum of $400,000, and again on April 15, 1920, to the sum of $1,000,000. The plaintiffs in error Gile and Jenks subscribed for the increased capital to the amount of $5,000, each paying therefor the sum of $125 per share. The subscriptions...

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