Lipshitz v. Lindsay Nat. Bank

On August 3, 1928, S. Karchmer, doing business in Gainesville, Tex., under the trade name of S. Karchmer Company, drew a draft on Louis Lipshitz, doing business in the city of Waco, Tex., under the trade-name of Lipshitz Smelting Refining Works, for the sum of $645.72, payable to the order of the Lindsay National Bank, doing business in the city of Gainesville. Karchmer attached to the draft a bill of lading issued by the Gulf, Colorado Santa Fe Railway Company, covering a car purported to be loaded with 30,000 pounds of junk, rubber, and scrap. There was also attached to the draft an invoice…