Halliday v. Bank of Stewart County

Halliday instituted an action of trover against the Bank of Stewart County, to recover possession of two hundred and thirty-three bales of cotton. On the trial of the case the plaintiff introduced evidence which tended to show the following facts:

Halliday was a cotton-buyer, and arranged with the bank to pay for such cotton as he might purchase, and warehouse receipts for the cotton were deposited with the bank as the cotton was paid for. Under tins arrangement the bank had paid about $5,500 or $5,600 for the cotton in question, holding the receipts in pledge. The contract further stipulated…