Leach v. City-Commercial Savings Bank

— I. The claims involved herein naturally divide themselves into three classes, which we will accordingly dispose of separately.

The first is the claim of the Stratford Grain & Supply Company, which arose from the following facts: This Grain Company was engaged in business in Stratford, Iowa, and shipped grain to the North Iowa Grain Company, at Mason City. It drew a sight draft, with bill of lading attached, on the North Iowa Grain Company for $1,425.22, ordering payment to the Farmers Savings Bank of Stratford. The Stratford bank in dorsed the same to the Iowa National Bank, of Des Moines,…