Kansas City Title & Trust Co. v. Fourth National Bank

The opinion of the court was delivered by

Dawson, J.:

This was an action to recover a large sum of money which the defendant bank had paid on checks bearing forged indorsements and which it had charged against the checking account of the drawer.

It appears that for a number of years the Monarch Loan Company of Wichita was engaged in loaning money on farming lands in southern Oklahoma and northern Texas. It kept its checking account in the Fourth National Bank in Wichita. Mortgage loans were negotiated for this loan company by one J. R. London, a real-estate dealer at Marietta, Okla. London’s…