Farmers & Merchants Bank v. Peoples Trust & Savings Bank

This was an action by the appellants against the appellee to recover the value of certain bonds of the value of $9,450.00 and interest thereon and to collect from the appellee bank the amount of money which the appellant bank had paid to its customers and the interest' thereon under a certain agreement alleged to have been entered into between the officers of the appellant bank and the officers of the appellee bank. The complaint upon which' the action was tried consisted of five paragraphs, each alleging a different ground for recovery. The first paragraph of complaint is based upon simple…