Calendar: 1885-1886 Page 739

CARTER PRIZE 733 By what means may Bankers counteract the pressure of commercial crisis How far does the state of the foreign Exchanges assist the forecast of the same What are thfi nrnnp fiinM-irmo "D manner -- viii til Barwick supplied oats to Jones customer of Bank for the purpose of enabling him to perform contract with the Government for the supply of oats on the faith of guarantee given by the Manager of the Bank that on receipt of the money to be paid by the Commissariat Department to the Bank for Jones the Bank would pay Barwick out of that money the sum due to him subject only to the debt due to the Bank from Jones Jones was at the time so largely in- debted to the Bank that it was practically impossible that there should be any surplus to come to Barwick after pay- ment of the debt due to the Bank but the Manager concealed thib from Barwick The Bank having appropriated the whole of the money to the payment of their own debt was the Bank liable towards Barwick 10 Banker in London having branches in Edinburgh and other places stopped payment and on the same day sent to his agents notices informing them of the fact and directing them to discontinue business Before the letter was received paid to the Edinburgh agent three bank notes for 100 each live promissory notes and silver in all 305 for the purpose of having the amount remitted to London to be paid to the Banker to the order of the Edinburgh customer But after the news reached Edinburgh and whilst the notes were still in the agent's possession the customer gave the agent notice not to part with them and they remained in his hands when the fiat issued against the Banker The agent had lien on the funds in his hands Were the assignees of the Bank entitled to the amount customer