McBee

One 0. E. Thompson was employed as cashier in the Bank of Stanwood, Wash. The president of the bank checked the records and account of the cashier during the middle of August, 1929, and, finding the cashier short $2,500, suspended him from further duty. Thompson stated to Mr. Brokaw, president of the Bank of Stanwood, that he owned stock and would arrange to repay the shortage in a few days. Thompson thereupon applied to one L. C. Palmer, president of the Citizens’ Bank of Arlington, Wash., for a loan in the sum of $2,000, presenting a financial statement (which later proved to be false) representing himself to have a net worth of over $17,000, when at the time he was hopelessly insolvent. The loan was made unsecured and the money paid by draft to Thompson, who thereupon indorsed the same to the National Bank of Commerce in Seattle and had issued two cashier’s cheeks of that bank, each for $1,000. These, together with $500, he delivered to the Bank of Stan-wood on September 5, 1929. On the same day the batik accepted Thompson’s resignation from the position of cashier. Subsequently, in the absence of Mr. Palmer, Thompson left with the Arlington Bank a bill of sale to a boat as…