Watte v. Costello

Waterman, J. M. J.

Costello, a resident of Indiana, in May, 1888, directed one Percy Taylor, of Bemington, who was coming to Chicago to deal on the Board of Trade, to buy some corn and draw on him, Costello. Shortly afterward he received the following telegram:

“May 22, ’88, Chicago, Ill.

“Bot. you ten July corn,,fifty-five quarter; break over.

“ P. S. Taylor.”

And also a draft by Elmendorf, Watte & Co. for $1,000, which he paid.

Costello came to Chicago, saw one Forbes, then a member of the firm of Elmendorf, Watte & Co., gave through Forbes various orders to the firm to buy and sell grain, and…