First National Bank v. Pettit

About the 26th of October; 1866, Clark, Bigelow & Co., cotton merchants of Memphis, purchased a lot of cotton from the defendants, J. T. Pettit & Co. They also purchased cotton from other parties, and aboui that time delivered to “The Great Western All Rail Cotton Express Co.” forty-eight bales of cotton for shipment to Thayer, Bingham & Co. of Boston, Massachusetts, and received from said transportation company the bills of lading. They thereupon drew their bills of exchange upon Thayer, Bingham & Co. of Boston, and applied to the plaintiffs to discount the same. They exhibited the letter of…