McNeely v. Philadelphia National Bank

Opinion by

Mr. Justice Kephart,

Perkins and McNeely of Philadelphia, manufacturers of glazed kid, in June and July, 1917, shipped some leather to Stybel, a merchant at Moscow, by way of Seattle, and Kobe, Japan. Four bills of lading endorsed in blank and attached to two drafts payable in dollars, drawn on Stybel, covered the order. The drafts were discounted or sold to Philadelphia National Bank, appellee, for their face value, |60,063.81. Appellee forwarded the drafts, with bills of lading attached, to the Moscow Industrial Bank for presentation and payment, with instructions not to deliver…