Bogue v. Dunten, Receiver

Dudine, J. —

On June 15, 1931, appellant delivered to the La Grange County Trust Company a $1,000.00 U. S. Liberty Bond for the purpose of exchanging it for Federal Land Bank Bonds, with the understanding that the difference was to be paid to appellant in cash. The trust company issued and gave appellant a receipt for said bond, which receipt was as follows:

“La Grange, Indiana, June 15, 1931.

“Received of Mrs. Sabra Bogue, one thousand par value bond, bond to be sold and collected and funds to be reinvested in Federal Land Bank Investment Securities, price to be around $98.00 for certificates.

“D…