Bank of America v. Whitney-Central Nat. Bank

BRYAN, Circuit Judge.

These are writs of error, sued out by the Bank of America, plaintiff, to judgments in favor of the Whitney-Central National Bank, defendant. The two suits, each based upon a letter of credit issued by the defendant, were consolidated for trial, and will be disposed of here in one opinion.

April 16, 1920, Ham & Seymour, partners and brokers doing business in New Orleans and New York, and John Barkley & Co., Limited, of New Orleans, entered into the following contract:

“New Orleans, April 16, 1920.

“John Barkley & Co., Limited, City—Dear Sirs: We have this day sold you 500…