First National Bank v. Court

A vital, concrete proposition here pre-sénted is whether a bank, in discounting a note of one of its depositors and crediting the amount to the checking account of such depositor, becomes the bona fide owner of such note for value, where it appears from the'evidence'that on' the date of the discount the depositor added largely to his balance by additional deposits, but withdrew from his account, by checks actually paid; an amount sufficiently large so as to leave to 'his credit at the close of business on that day a sum considerably less than the amount' to his credit at the opening of…