Falls City Woolen Mills v. Louisville National Banking Co.

*65Opinion op the Court by

Chief Justice Hobson

Affirming.

The Falls City Woolen Mills, a corporation having its headquarters in Louisville, had a deposit account with the Louisville National Banking Company, and made deposits from day to day, the Secretary and Treasurer of the company who made the deposits being also a director in the bank. On November 15, 1907, the Woolen Mills made a deposit consisting of several items amounting to $1,134.15. One of the items embraced in the deposit was a -cheek drawn by the Alcorn Woolen Manufacturing Company, of Corinth, Mississippi, for $750 on the Union Bank…