Warner v. Gohlman, Lester & Co.

Appellant, a resident of Lamar county, shipped his cotton during the season of 1924-25 to appellee, a corporation, a cotton factor at Houston, sometimes contemporaneously drawing drafts upon it for the estimated value of the shipments. This cotton was subsequently resold by the factor; the proceeds being credited against the advance amounts so drawn by appellant on the general account thus originating between the two. On April 15, 1925, they balanced the account as it then stood on appellee’s books, and appellant, being at that time $590.11 in the red for the excess of these advances over the…