Court of Appeals for the Eighth Circuit March 2, 1908, No. 2,512 (Merchants' Bank of Valdosta v. Baird)

HOOK, Circuit Judge

(after stating the facts as above). It was known to both the National Bank and the lumber company that the credit and resources of the former were being used to uphold and further a venture in which it could not lawfully engage. But, the question remains:. How did it appear to the Georgia bank ? Did it have the aspect of legitimate banking business or of a guaranty for another?