Bair v. Snyder County State Bank

Opinion by

Me. Justice Kephart,

Samuel E. Slaymaker, President of the Snyder County State Bank, purchased two negotiable certificates of deposit, one for $8,000, and the other for $12,000, payable to his order twelve months after date. January 1, 1929, while at his winter home in North Carolina, he wrote the following letter to the bank:

“g. E. SLAYMAKER SOUTHERN PINES NORTH CAROLINA

Jany. 1-29.

“Snyder C. Trust Co.,

Shamokin Dam, Pa.

“Gentlemen: I wish you would place the two certificates of deposit in shape that a check would cover them. I don’t intend to draw out the money, but in case anything…