John S. Hale & Co. v. Beley Cotton Co.

Ms. Justice Gbben

delivered the opinion of the Court.

This suit was brought to recover the proceeds of certain hales of cotton from the Union & Planters Bank & Trust Company of Memphis. There was a decree in fav- or of complainant, John S. Hale & Company, Inc., for $35,704.13, from which the bank appealed to the Court of Appeals. The latter court affirmed the decree of the Chancellor and the bank has filed a petition for certiorari.

In June, 1923, the complainant sold to the Beley Cotton Company' 222 bales of cotton. This cotton was represented by warehouse receipts and bills of lading. These…