Tonnar v. Washington & Issaquena Bank

The appellee sued the appellant for and recovered the value of cotton on which the appellee had a mortgage lien. The cotton was produced by T. W. Thames, who had given the appellee a mortgage thereon. Thames, pursuant to an agreement with the appellant, but without the knowledge of the appellee, shipped the cotton to II. & C. Newman, New Orleans, La., for the appellant’s account, and the appellant paid him therefor. Thames used the money received by him for the cotton in paying debts due by him to others than the appellee. The appellant had no actual knowledge of the appellee’s deed of trust,…