Leach v. Iowa State Bank of Atlantic

The claimant, Alexander, on and before the initial transaction here in controversy, was a trustee of a fund of $5,900. He sought a secure investment for it, and made application through the Iowa State Bank for Victory bonds at 4% per cent interest, for the purpose of such investment. These bonds were acquired for him by the bank, and were definitely identified by numbers, and were delivered to him. He thereupon, on June 20, 1919, deposited the same with the bank for safe-keeping, as he contends. The bank issued to him the following receipt:

“United States Bond Certificate of Deposit. Iowa…