Durant Nat. Bank v. Bennett & Co.

HERR, C.

This is an action by Bennett & Company, a copartnership, against the Durant National Bank, for damages because of the refusal of the bank to surrender certain cotton tickets held by it as collateral security for money advanced said partnership. There was judgment for plaintiffs in the sum of $180.25. Defendant appeals.

It appears that plaintiffs, through W. C. Slaughter, active vice president of th'e defendant bank, made arrangements with said bank to furnish and advance them money with which to buy cotton during the season of 1924. As security for such advances, it was agreed that…