Ferrari v. First National Bank of Connellsville

The complaint alleges that defendant agreed with plaintiff’s assignors to establish a credit with the Banca Commerciale Italiana of Rome, amounting to 38,000 lire, that defendant failed, neglected and refused to establish any credit with that bank and, because no such credit had ever been established, that drafts amounting to 38,000 lire issued by defendant to plaintiff’s assignors were dishonored and payment refused.

By stipulation at the trial and by evidence, certain facts were proved. On September 5, 1922, plaintiff's assignors paid $1,672 to defendant and received in return four checks on…