Jensen v. First National Bank

On Saturday, February 2, 1924, after banking hours, customers of defendant, deposited in defendant bank a check for $402.78, indorsed by them in blank, drawn to their order upon the Farmers’ & Merchants’ State Bank of Bushnell, S. D. The transaction was between Jens Jensen, one of the plaintiffs, and Mr. Holden, president of 'defendant. Plaintiffs were given a duplicate deposit slip, which recited, “deposited subject tO' collection.” On Mbnday, February 4, this check; with other collection items, •was sent to the First National Bank of Pipestone, Minn., leaving White by the first train on…