Hughes v. Lake
Mississippi Supreme Court
Appeal from the Circuit Court of Grenada County. Hon. A. T. Eoane, Judge. In 1882 Lake Brothers, a firm composed of W. S. and E. P. Lake, were doing a general banking business in the city of Grenada. In July or August, 1882, W. S. Lake drew several irregular and unauthorized drafts on the correspondents of this bank, which drafts were cashed and invested by him in cotton futures for his individual benefit.
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Appeal from the Circuit Court of Grenada County. Hon. A. T. Eoane, Judge. In 1882 Lake Brothers, a firm composed of W. S. and E. P. Lake, were doing a general banking business in the city of Grenada. In July or August, 1882, W. S. Lake drew several irregular and unauthorized drafts on the correspondents of this bank, which drafts were cashed and invested by him in cotton futures for his individual benefit. As soon as this was discovered by E. P. Lake he took entire charge of the bank, and notified the several correspondents of the bank not to honor any further drafts drawn by W. S. Lake for…
1Opinion of the CourtCampbell, J.
The first instruction asked by the plaintiff was properly refused, and was correctly modified by the court. It is true that one may be guilty, and sent to the penitentiary, under § 2814 of the code, without having entertained the fraudulent purpose necessary to sustain an attachment. Guilt, under § 2814, depends on the facts recited in it, and not upon intent or purpose. The object of the statute is to protect the confiding public from the victimization apt to result from depositing in an insolvent establishment, and it seeks to give protection by denouncing its penalty against him who…
2Cited by4 opinions
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