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11. If the bank was a bailee or a trustee and not a debtor the position would certainly have been different. The appeals fail because we find it impossible to hold that the bank was either a bailee or a trustee, and not a debtor, in these cases.

12. The difference between debt, bailment and trust is clearly brought out by Scott in the following extract from volume IV, page 3345 :

" If the relation is one of bailment or trust and the banker appropriates to his own purposes the thing or money deposited, he may be guilty of the crime of embezzlement; if the relation is one of debt, the banker may properly use it for his own purposes and is of course guilty of no crime in so doing. If the relation is one of bailment or trust and the bank fails, the depositor is entitled to the return of the thing deposited; or if it has been exchanged by the bank for something else, or has been mingled with other things then to its product so long as it is traceable into a product. If, on the other hand, the relation is one of debt and the bank fails, the depositor is not ordinarily entitled to priority over the general creditors of the bank, even though the bank still holds the thing deposited or its traceable product."