Former Corp. v. United States

Philipsborn’s, the predecessor of -the plaintiff, was engaged in the mail-order business, and on December 11, 1919, had on hand 4,326 money orders, the face value of which aggregated $29,396.37. These orders were given to a messenger, with a typewritten deposit slip containing only the amount *87of each order, to deposit in bank. A copy of the deposit slip was retained, and each of the orders was stamped with the name of the bank where they were deposited- The messenger was robbed on his way to the bank, and the orders were never recovered, nor does it appear what became of them.

It was necessary…