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CROWELL v. FEDERAL RESERVE BANK

No. 4692.

12 F.2d 259 (1926)

CROWELL et al. v. FEDERAL RESERVE BANK OF DALLAS, TEX., et al.

Circuit Court of Appeals, Fifth Circuit.

March 16, 1926.

Attorney(s) appearing for the Case

R. A. D. Morton, of El Paso, Tex. (Dyer & Morton, of El Paso, Tex., on the brief), for appellants.

J. G. McGrady and A. H. Culwell, both of El Paso, Tex. (Turney, Burges, Culwell, Holliday & Pollard and Wm. H. Burges, all of El Paso, Tex., Charles C. Huff and Ethan B. Stroud, Jr., both of Dallas, Tex., and Lea, McGrady, Thomason & Edwards, of El Paso, Tex., on the brief), for appellees.

Before WALKER, BRYAN, and FOSTER, Circuit Judges.

BRYAN, Circuit Judge.

On Saturday, January 26, 1924, bank examiners completed an examination into the condition of the City National Bank of El Paso, Tex., and notified its officers that the bank would not be allowed to open its doors on the following Monday, unless by that time it should have charged off $800,000 in paper held as assets which the examiners considered to be worthless. On the following night a meeting of citizens was held for the purpose of assisting...

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