Stein Bros. & Boyce v. State Bank of Stearns

Opiniow op the Court by

Creal, Commissioner

Reversing.

The State Bank of Stearns instituted this action m the Jefferson circuit court against Stein Bros. & Boyce, a firm who now is and has for many years been engaged in an investment banking and brokerage business in Louisville, seeking to recover for the alleged conversion of four bonds of the Shell Union Oil Corporation of a par value of $1,000 each. -,

Defendants denied the alleged conversion and pleaded certain affirmative defenses setting forth matters which will be shown in a statement of the facts. A reply controverting the affirmative…