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CAPITAL SAVINGS & LOAN ASS'N v. OLYMPIA NAT. BANK

No. 7854.

80 F.2d 561 (1935)

CAPITAL SAVINGS & LOAN ASS'N et al. v. OLYMPIA NAT. BANK et al.

Circuit Court of Appeals, Ninth Circuit.

December 16, 1935.

Attorney(s) appearing for the Case

Thos. L. O'Leary, of Olympia, Wash., and Guy E. Kelly, of Tacoma, Wash., for appellants.

James P. Neal, of Olympia, Wash., for appellees Olympia Nat. Bank and others.

G. W. Hamilton, Atty. Gen., and E. P. Donnelly, Asst. Atty. Gen. (Roberts & Skeel and Karr & Gregory, all of Seattle, Wash., of counsel), for appellee State of Washington.

Before WILBUR, GARRECHT, and MATHEWS, Circuit Judges.

GARRECHT, Circuit Judge.

The appellants brought a suit in equity against the appellees to recover collateral securities alleged to have been unlawfully pledged to the appellee state treasurer for the deposit of state funds in the appellee bank. In the alternative, the bill prayed for the recovery of the cash proceeds received by the state treasurer, in the event that the collateral securities had been sold by him. The appellants also asked for an injunction to restrain...

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