City of Syracuse v. W. F. Reed & Co.

The opinion of the court was delivered by

Johnston, J.:

The city of Syracuse brought an action against W. F. Reed & Co. to recover $218.79. It was alleged that the defendants received from N. W. Harris & Co., of Chicago, $8,360, which was the proceeds of certain bonds of the city of Syracuse that had been sold in Chicago, and that the defendants had paid over only the sum of $8,141.02, and had refused to pay to the city the balance of the amount received, although payment thereof had been demanded. In the answer it was admitted that Syracuse was a city of the third class, and that the…