Coal & Iron National Bank v. McClatchey

This is a motion to set aside three verdicts in favor of plaintiff in different actions growing out of the same state of facts. The actions were tried together, but separate verdicts rendered in each. One J. J. Kehoe was in the lighterage business and was succeeded by J. J. Kehoe, Inc. The latter’s agent had authority to indorse checks received by it in the regular course of its business and to deposit them to the credit of the company in a designated bank. This he usually did by using two rubber stamps in case the checks were payable to J. J. Kehoe individually, as they often were and by…