Federal Discount Co. v. Reid

This action commenced in the circuit court January 10, 1911, is on four bills of exchange of seventy-two dollars each, drawn on defendant by the St. Louis Jewelry Company, May 12, 1909, and duly accepted by defendant. The hills *239matured respectively in sis, eight, ten and twelve months after date and plaintiff claims that before the maturity of any of them it purchased the bills of the Jewelry Company for a valuable consideration and became the indorsee and holder of them. The substance of the answer is that the bills were procured from defendant by fraud practiced by the Jewelry Company, that…