State v. Savings Union Bank Etc. Co.

This is an action begun in the superior court of Sacramento County, upon the authority of section 1273 of the Code of Civil Procedure, to obtain a judgment declaring that the sum of $12,525.52, on deposit in the defendant Savings Union Bank and Trust Company in the name of William Anderson, has “escheated to the state, and commanding said bank to forthwith deposit” said money with the state treasurer, as in that section provided. Judgment was given for the plaintiff in accordance with the prayer of the complaint.

The history of the case presents some unusual features. In 18C3 William Anderson deposited money with the defendant corporation, then known as Savings and Loan Society. The account was continued until, in 1891, there was $6,198.19 to the credit thereof. After that time there were no further deposits or withdrawals made. The accumulated interest up to January 1, 1917, increased the amount to $12,525.52. In 1878 Anderson settled in Lake County and there resided until his death, which occurred on August 13, 1892. He was unmarried. There was no administration had upon his estate until in March, 1917, when Mack Mathews, public administrator of that county, was duly appointed…