Peoples City Bank v. John Hancock Mutual Life Insurance

Opinion by

Mr. Justice Linn,

The John Hancock Mutual Life Insurance Company, a corporation of Massachusetts, brought an action of assumpsit in the Common Pleas of Allegheny County against the Peoples City Bank, which has its place of business in McKeesport, in that county. The insurance company averred that the bank, its depositary, had wrongfully charged its account with certain checks, totaling $65,856.57, drawn by it to the order of various payees; that the checks “were cashed” by the bank on forged endorsements of the named payees.

The bank, in its affidavit of defense, averred that the…