Colorado Milling & Elevator Co. v. Cunningham

BREWSTER, District Judge.

This proceeding in equity is brought to establish a preferred claim upon the assets in the hands of the defendant receiver of Boston-Continental National Bank (hereinafter referred to as the Continental Bank) in the sum of $465.11, the proceeds of a draft forwarded to the Continental Bank for collection.

Statement of Facts.

1. On December 5, 1931, ■ the plaintiff shipped a car of flour upon bill of lading to the shipper’s order. Attached to the bill of lading was a draft drawn upon the Economy Grocery Stores Corporation for $465.11. The draft, with bill of lading…