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SCHARNBERG v. CITIZENS' NAT. BANK

No. 8368.

33 F.2d 673 (1929)

SCHARNBERG et al. v. CITIZENS' NAT. BANK OF SPENCER, IOWA, et al.

Circuit Court of Appeals, Eighth Circuit.

July 6, 1929.

Attorney(s) appearing for the Case

Paul M. Hatfield, of Sioux City, Iowa (Arnold L. Fribourg and Ernest J. Fribourg, both of Sioux City, Iowa, and Buck & Kirkpatrick, of Spencer, Iowa, on the brief), for appellants.

J. T. Burke, of Sioux City, Iowa (Le Roy A. Rader, of Spencer, Iowa, and David W. Stewart and R. H. Hatfield, both of Sioux City, Iowa, on the brief), for appellees.

Before KENYON and VAN VALKENBURGH, Circuit Judges, and OTIS, District Judge.

OTIS, District Judge.

Appellants on and prior to the 8th day of November, 1926, were operating at Spencer, Iowa, what was known as the Bank of M. E. Griffin. The Citizens' National Bank, one of appellees herein (the receiver of that bank is the other appellee), was located in the same town. On November 6, 1926, the Citizens' National Bank, being hard pressed financially, sent a representative to Chicago, to obtain, if possible, from the Federal Reserve Bank at Chicago...

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