Article Text
THE WAR OF THE BANKS. Judge Drummond yesterday disposed of the case of S. S. Burton, Receiver of the La Crosse National Bank, VS. A. II. Burley, Receiver of the City National Bank, which was heard before him Monday and yesterday. It seems that the City National during 1874 and 1875 had been eashing the notes of Suter, the President of the La Crosse bank, at his request, to the amount of some $18,000, and had also charged the same to the account of the bank. Monthly statements were also forwarded by the City National and admitted to be correct by the La Crosse bank. These accounts, however, were never, as a matter of fact, entered on the La Crosse bank books, but were simply marked on the accounts forwarded by the City National. The Judge held that. as there was no evidence showing the City National knew of the fraud practieed by the officers of the LaCrosse bank, that the latter was bound by the acceptance of the accounts, and the stockholders or creditors of the latter must suffer rather than those of the City National. A finding was therefore had in favor of the defendant, and the plaintif was also directed to pay over $1,158, being a balance remaining in his hands belonging to the defendant.