THE STORY OF THE NONPARTISAN LEAGUE 



than there is for declaring lawyers', doctors', or 

 merchants' paper to be of a certain percentage 

 of value. 



"It is apparent that the acts and conten- 

 tions of the respondents in attempting to es- 

 tablish by presumptive fiat that postdated 

 checks are of no substantial value and at one 

 fell swoop to render practically valueless or 

 insufficient all paper for which such postdated 

 checks as well as other farmers' notes stand as 

 security are not only presumptions, but with- 

 out foundation in law. Wliat was the intention 

 of the majority of the banking board in the 

 acts performed this court does not deem it 

 necessary to determine. The acts them- 

 selves, however, are judged by this court. It 

 is determined that there is such a thing as 

 public conscience and that these acts upon 

 the record submitted to this court were un- 

 warranted, unreasonable, and without foun- 

 dation of law." 



One of the judges filed a separate opinion, 

 in which he said : 



"The proceedings against the bank were 

 commenced and conducted in a hostile and 

 unfriendly spirit, with needless force, high- 

 priced attorneys and accountants, regardless 

 of expense, and defendants proceeded to take 

 possession of the bank and give out reports 

 detrimental to it and its stockholders. 

 4 "In six days after the examiner took pos- 



316 



