First Wisconsin National Bank v. Forsyth Leather Co.

On March 1, 1922, the defendant wrote to the plaintiff as follows.:

“Confirming telephone conversation of this morning, we are inclosing herewith two copies of contract, for which kindly open letters of credit as follows:

“1. . . .

“2. Ninety-day letter .of credit in favor of Persson & 'Company for $12,500 covering purchase of 3,500 B. A. Matadero Kips; this letter' of credit to expire May 1, 1922.”

Inclosed with this letter was a contract between the defendant company and Persson & Company of New York, which contract read as follows:

“Forsyth Leather Co., Feb. 21, 1922.

■ “Wauwatosa, Wis.

“Contract.