Railway Express Agency v. Bethea

The opinion of the Court was delivered by

Mr. Justice StabeEr.

This action was brought by J. R. Bridges and Railway Express Agency against John C. Bethea, receiver or liquidating agent of the defunct Bank of Dillon, for the purpose of having certain drafts issued by the bank declared entitled to preferential payment.

On November 5, 1928, Bridges, an agent for the Express Agency, purchased from the bank, with cash and checks he had collected as such agent, exchange drawn on the American Trust Company of Charlotte, N. C., in the sum of $220.00, payable to the Express Agency, for the transmission…