Norristown-Penn Trust Co. v. Middleton

Opinion by

Mr. Justice Sadler,

The Norristown-Penn Trust Company was formed by the merger of two banking corporations, and Walter B. Moyer was its assistant treasurer. Accounts were kept by the former in Philadelphia institutions upon which checks or drafts were drawn, in the ordinary course of the banking business, by the officer named. In 1922, and the two succeeding years, five were so issued and are now the subject of controversy. The first was to the order of S. Miller, a fictitious person, endorsed in his name, but kept in the possession of Moyer until its transfer, without endorsement by…