National Exchange Bank v. Graniteville Manufacturing Co.
Supreme Court of Georgia
Title. Pawns. Factors. Vendor and Purchaser. Liens. Trover. Before Judge Roney. Richmond Superior Court. October Term, 1886. The National Exchange Bank of Augusta brought trover against the Graniteville Manufacturing Company to recover twenty-six bales of cotton. -The case was submitted to the presiding judge without a jury.
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Title. Pawns. Factors. Vendor and Purchaser. Liens. Trover. Before Judge Roney. Richmond Superior Court. October Term, 1886. The National Exchange Bank of Augusta brought trover against the Graniteville Manufacturing Company to recover twenty-six bales of cotton. -The case was submitted to the presiding judge without a jury. The following-facts, in brief, appeared : Mobley & Company, who were customers of Stovall, a cotton factor and warehouseman, sent the cotton to Stovall, who obtained certain advances on it from the bank, and as collateral security gave a warehouse receipt, acknowledging…
1Opinion of the Court
Hall, Justice.
M. A. Stovall, a factor, warehouseman and commission merchant, transferred and constructively delivered, by warehouse receipt in the usual form, twenty-six bales of cotton to the National Exchange Bank of Augusta, as a pawn or pledge for the payment of a certain sum advanced by the bank to said Stovall. This cotton belonged to a customer of the warehouse, and was never i’emoved from the actual custody of the warehouseman, or its location changed; Stovall had made advances on it for which he claimed a factor’s lien. The cotton thus pledged or pawned was subsequently bought, paid…
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