Bank of Sparta v. Butts

This was an action of trover brought by the Bank of Sparta against D. L. Butts, on the following state of facts: > Butts was engaged in the warehouse business, and also in the com*309mission or supply business. In the year 1904, as warehouseman, he received from W. W. Devereaux eleven bales of cotton, which he stored in his warehouse, and for which he executed and delivered to Devereaux warehouse receipts. Devereaux owed the Bank of Sparta certain amounts on promissory notes, and he delivered to it, as collateral security for the pajunent of the notes, the warehouse receipts for five bales of the…