Old Colony Life Insurance v. American Sayings & Trust Co.

Taylor, C.

Plaintiff, an Illinois corporation with its main office in the city of Chicago, had $4,776.27 to its credit in a checking account in the Pierz State Bank, located at Pierz in Morrison county in this state. The complaint alleges that on January 8, 1924, plaintiff drew its check on the Pierz State Bank for $2,555.49 payable to the Mer chants State Bank of Little Falls, Minnesota, and mailed it to the Merchants State Bank with a request to collect it and credit the proceeds thereof to plaintiff upon a checking account which plaintiff desired to open in the latter bank; that on January…