Samuel Blatchford

“ The statute made it void, although there was no such view on the part of the Security Bank in receiving the transfer of the assets, and although there was no knowledge or suspicion at that time on the part of the Security Bank that the Pacific Bank was insolvent, or contemplated insolvency, or was not doing business, or that its directors had voted to close it, or that application was to be made for a receiver, and although the transfer took place before the application was actually made to the comptroller for the appointment of a receiver. ”

“ Price to be the receiver, about 10 o'clock A. M., and he left Washington on Monday, and on Tuesday arrived in Boston, and took possession of the bank. Although the Pacific Bank, not being a member of the Boston clearing-house, had been in the habit of daily depositing the checks received by it with the defendant, to be collected by the latter through the clearing-house, the Pacific Bank being credited as a depositor and drawing on the Security Bank against the checks ”

“ To go into liquidation; (2) that the bank be closed to business; (3) that the president, two directors, and another person be a committee to go to Washington and confer with the comptroller of the currency as to the measures proper to be taken, and that, if the comptroller should deem it necessary to appoint a receiver, the directors unanimously recommended for that position Mr. Whitney, the cashier, and that, if he should be appointed receiver, the directors would furnish satisfactory bonds for his faithful discharge of the duties, to any amount which the comptroller might require. ”