Lesser-Goldman Cotton Co. v. Merchants' & Planters' Bank

This appeal is prosecuted to reverse a decree of the Jefferson Chancery Court. The appellant is a corporation organized for the purpose, among other things, to purchase and sell cotton and to engage in and carry on the business of buying and selling cotton. It had been engaged in the business in Pine Bluff many, years prior to 1926. 'Charles White was its local manager, and C. E. Shank was auditor and assistant manager. The Merchants’ & Planters’ Bank, the appellee, was engaged in the banking business and in advancing money to various cotton buyers in Pine Bluff. A short time prior to…