Ogdin v. Goodwin

HICKS, Circuit Judge.

Appellant, as receiver of the First National Bank of Elizabethton, Tenn., herein called the bank, sued appellee in equity 1 to recover upon a check in the amount of $1,-278.52.

The bill alleged: That on October 11, 1931, appellee had given the check, drawn upon the Merchants’ & Traders’ Bank at Mountain City, Tenn., to Wesley Street, who on October 14 indorsed it without restriction and deposited it in the bank, then a going concern and doing a general banking *197business and where he had a checking account; that he was given credit for it, and a deposit slip was issued to…