Hicks v. Steel
Michigan Supreme Court
Error to Clinton; Daboll, J. Assumpsit by John C. Hicks against George A. Steel for money had and received. From a judgment for plaintiff on verdict directed by the court, defendant brings •error.
1Opinion of the CourtHooker, J.
The defendant was president of the Ithaca Savings Bank, and, at the time of the transaction which gave rise to this action, a resident of St. Johns, in Clinton •county. In June, 1895, he was the owner of a note of $1,000 made by the Mt. Pleasant Lumber & Manufacturing Company, a corporation, payable to the order of I. A. Fancher and F. W. Carr, and by them indorsed. On* June 17, 1895, defendant wrote Price, the cashier of the Ithaca Savings Bank, that he had been informed by one Scott that the bank would like some short-time paper to discount, and offered some. Price replied upon June 20th…
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