Third National Bank v. Skillings, Whitneys & Barnes Lumber Co.

This is a bill of interpleader, the substantial allegations of which are that Edward Babson, Jr. delivered a draft upon New York to the plaintiff bank for collection; that it collected the draft and placed the amount to the credit of said Babson, who had an open account with the bank; that the Skillings, Whitneys & Barnes Lumber Company contends that said draft was held by Babson as its agent, and was its property, and that the proceeds belong to it; and that the executrix of said Babson, who has deceased, contends that the proceeds belong to his estate.

We are of opinion that this does not…