Andrew v. Helmer & Gortner State Bank

On August 26, 1931, the defendant-appellant, the Helmer & Gortner State Bank of Mechanicsville, then a going concern, issued to the claimant-appellee, A. B. Pound, of Chicago, Illinois, a certificate of deposit for $605.22. After issuing the certificate, the bank mailed the same to the claimant in Chicago, who, at the time, was away on a vacation. The claimant returned from his vacation on September 15, 1931, and found the certificate of deposit. At the same time, the claimant found on his desk another envelope containing a letter informing him that the appellant bank was closed. In fact, the…