First Galesburg National Bank & Trust Co. v. Federal Reserve Bank

Mr. Presiding Justice Dove

delivered the opinion of the court.

First Galesburg National Bank and Trust Company filed its complaint in the circuit court of Knox county, Illinois, against the Federal Reserve Bank of Chicago, William English as county treasurer of Knox county and Margaret E. McGann. The complaint alleged that on September 22, 1934, the county treasurer of Knox county drew his check upon the plaintiff bank, payable to Margaret E. McGann for $702.51, that subsequently, and on September 27, 1934, said check indorsed “Margaret E. McGann by Charles H. Morgan Assignee, Charles H.…