Thompson

This is an appeal from a decree in favor of the appellees in a suit brought to obtain a preference to the assets of the insolvent Twin Falls National Bank, of Twin Falls, Idaho.

The record discloses that, during the year 19-29, the Twin Falls National Bank, in good faith and for valuable consideration, purchased several forged orders for warrants drawn upon the county auditor of Twin Falls county, Idaho. The bank presented the orders to the county auditor and received warrants therefor drawn on the county treasurer in payment or redemption of the forged orders, seven in number. The bank then took the warrants to the county treasurer, who, under the Idaho law, is treasurer of the common school districts within his county, and the county treasurer in turn redeemed the warrants by drawing and delivering to the bank his cheeks drawn on the Twin Falls Bank & Trust Company, or the First National Bank, both of Twin Falls, Idaho.

The dates and amounts of the several warrants and checks are not material here; suffice it to say they were dated prior to the insolvency of the Twin Falls National Bank, and at the time the bank became insolvent it had on hand cash in an amount sufficient to…