Schrader v. Westport Avenue Bank

This is an action for the conversion of certain nonnegotiable debentures issued by the Community Telephone Company. Plaintiff recovered a judgment in the sum of $3440, and defendant has appealed. Defendant pleaded defenses, equitable in nature, and moved that the suit be transferred to the equity docket. This was done, and the case was tried, without objection, as one in equity.

The facts show that plaintiff, for a number of years prior to the month of December, 1936, owned eight one thousand dollar bonds of the Trinity Lutheran Hospital Association; that for sometime prior to the month of…