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Harvey Terry Smashed. The United States Supreme Court, in the case of Harvey Terry against the Merchants' Bank of Cheraw has decided in favor of the stockholders, thus reversing a decision made by Judge Bond in the Circuit Court. He held that the failure of the bank and the consequent personal liability of the stockholders did not take place until 1865, and that the statute of limitations did not run during the period embraced by the stay law. The Supreme Court holds that the bank failed in 1861, when it ceased to redeem its notes in specię, and that Terry's action, begun in 1872, was barred by the statute of limitations. Harvey Terry's name, if not his face, is familiar to the stockholders of most of the ante bellum banks in the Southern States. Believing that hesaw a short out to fortune, he operated in a number of States,