Schofield Manufacturing Co. v. Cochran

The Schofield Manufacturing Company, of Macon, desired to purchase some yarns of a manufacturer in Barnes-ville. The goods, however, were in the possession of the Barnes-ville agent of the Export Storage Company, of Cincinnati, who held them as security for a loan, and the consent of that company was necessary to the completion of the sale. A representative of the Schofield company, who had gone to Barnesville in the interest of his company, drew a draft on a Macon bank for $306.36, the purchase-price of the yarns, payable to the order of the cashier of the New South Savings Bank, of…