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SPRADLIN v. ROYAL MFG. CO.

No. 3735.

73 F.2d 776 (1934)

SPRADLIN v. ROYAL MFG. CO.

Circuit Court of Appeals, Fourth Circuit.

November 19, 1934.

Attorney(s) appearing for the Case

John J. Ingle, of Winston-Salem, N. C., and John H. Folger, of Mt. Airy, N. C., for appellant.

E. C. Bivens, of Mt. Airy, N. C., for appellee.

Before PARKER, NORTHCOTT, and SOPER, Circuit Judges.

PARKER, Circuit Judge.

This is an appeal from a decree holding a claim of the Royal Manufacturing Company for $3,483.73 to be a lien on the assets of the failed Elkin National Bank in hands of its receiver. The claim arose out of a draft on the Chatham Manufacturing Company which was sent to the bank for collection. The company last named paid the draft by a check drawn against its deposit account with the bank, and the bank remitted for the collection by draft on...

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