American Guaranty Co. v. State Bank

Appellant, a corporation of the State of Ohio, filed its suit in the Vermilion county circuit court to recover from appellee the amount of a certificate of deposit issued by appellee in the following terms:

“State Bank of East Lynn

Certificate of No. 213

Deposit. $3500.00

“East Lynn, 111., June 1st, 1923.

“American Guaranty Company has deposited in this bank thirty-five hundred and no/100 dollars, payable to the order of themselves, to draw 4 per cent interest to January 1st, 1924, on the return of this certificate properly endorsed.

F. P. McCord,

Not subject to check. Cashier, ”

There was an…