The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-07-16

In a moment Mr.. Stratton ioinssw
was a clean-cut, gray man, radls,,1
talitys
Gentlemen. he said. "can
waive conventions and get at u.
this natter
Tho two men at the winaoy
around In their chairs Egan y
down pack OF checks. 'I do ca'o
why the bank sends me to a ,sv n9
he said 'I want the money a.
checks"
II believe" said Mr.. Stretton -.
Fifty eighth National bank hr,a
posit upon which these checks c6r'|
drawn
A light of cunning came into Eo,.
ford's face. II know that" Ss
"but the bank is better than anw
account made the bank stand
for the checks" -ao
"How?" said Stratton, and ! n.
there was the fatntest shadow Of
fitting about the corners Of his A.
Bcdford's broad face lighted VII
tory. He thust his hand into the l.
OF his coat, took out a letter and a.
gram and spread II on the
There" ne said, lis the banks n
ty In black and white and yeliow'S1
he added, with sneer. II guem
banks not broke, Is lt'"
The lawyer moved some papeu
he found Il printed statement
bank" he said, has assets yah,
thirty FIVE millions OF dollars: lie #
ties are some ten millions THAI
be. 1 believe. twenty-five milliops
insolvency
Then, said Bedford, Il want
money"
"Doubtless," replied Strattou.
svrInH..I .
tired OF this confounded nonsessa
shouted. IF the bank won't nav
checks. J will sue It"
Then you will lose" replied ths /
quietly.
"LoseH' cried Bedford. The bant
anteed these checks. tell you ri.
the guaranty. don't you see lt7" aa
pushed the papers across the tabja
his fat hand,
~ see II" said the lawyer, ''bt
not worth fling room"
"What?" shouted Bedford.
This guaranty OF the Fifty-elshlA
tional bank continued Stratton. q
terly void"
Bedford plunged back on his hesl.
n man struck violently In the i
He waived bis fat arm. at his Co
whom he hitherto had ignored ND
he gurgled. Judge, do you hear thlI
| IlhShel, WllpSt kIlOWiCURD n
! law Is said TO equal that OF any N
| tloncr in New York, arose and cams'
| TO the table. He nodded to us, "
spoke quietly 10 his confere ii
| law.
"Stratton, he said, give me avcu
ly your position In this matter"
Coleman Stretton touched an 81
button, scrlbbled q memorandum
scrap OF paper and handed 1t to lie 4
boy who entered. Then he turn
Judge Hacker.
"This contract Of the FIfty-eigb,h
tional bank with Egan Bedford 3 d
one purely OF guaranty. and Is ultrz
on the part OF the bank. The u|
statutes of the United States give 4
| tlonal bank no authority TO guaraut4
| debts OF another. A national ban
you are aware, cannot exercise pow
excess of those conferred upon 4
statute. Egan Bedford & Co. slA
that. all persons equally with ths
,, The guaranty Is void and the bank
| liable
Judge Hacker listened atturjt
Have you The revised statutaf'
"Yos." replied stratton. haudIrs
the volume. Section 513S."
Judge Hacker opened the book &
table and began to read II careful1
q moment he looked up. "Do roo
OF an authority constituting this sIr
he said,
Mr.. Stratton touched his bell a.
office boy came in with a copy {
Federal Reporter, Stratton hant
book TO Judge Hacker, "Page 81
said.
Judge Hacker took the volums 4
window and went carefully over .
Egan Bedford followed him, peepl4
over and now under his arm, az
the lawyer were examining some
prehensible Internal machine. H1
was tense.
The whole plan of Randolph
was now laid open, Plain, even =
Winfield Gerry. He slipped hs
into mine and wrung it.
Presently Judge Hacker closs'
volume and returned i to aRs. T.
to be right about this" he said.
decision OF the United States
court OF appeals appears con-
The Fifty eighth National bang u
receive this money and conseque
OF obtaining a benefit by us W.
This money was paid to Winfield
and not TO the bank" Then he tu,1
Egan Bedford. You will have 70
Mr.. Winfield Gerry for the payns
these checks" ~
Bedford raised his arms aco
head and dropped them with
gesture. Sue him. sue thai
he cried He is not worth Y
dam He hasn't a dollar!' -.
! Young Gerry took Out bis
stripped off his rings, unhoosed ~
pin from the tie and handed
Bedford You are mistaken
"here Is quite an estate.
Esan Bedford struck his hama
tering the articles over the flooi.
he seized his hat and bolted guy
room. Judge Hacker folloSs1
paused moment at the door
an apology for the violence OF nh
and to bid US good evening. 60
looked around me, YounE Ssni
gathering UP his possessions, ~
trembling, but his face like
The attorney standing by the tauS
the only word of comment. Mr.
he said. will YOU present my
ments to Randolph MasonI