Pulsifer v. Picher

PETERS, District Judge.

This matter was heard by the court without a jury. The action was brought to recover the proceeds from the collection of a maturing bond delivered by the plaintiff to the Peoples Ticonic National Bank before its failure, the plaintiff claiming that he should be paid in full by the. receiver of the bank under-the circumstances disclosed.

It appears that on February 28, 1933, the plaintiff delivered to the bank a United States Rubber Company bond for $1,000 which was payable on March 1st, with a request that the bond be collected.

Upon receipt of the bond the bank sent it…