Robinson v. William D. Cleveland & Sons

During the latter part of 1916, R( J. Robinson, who was buying and selling cotton at Lockney, Tex., shipped from that point, in several different consignments, an aggregate of 569 bales of cotton to Wm. D. Cleveland & Sons, cotton factors, at Houston, Tex. In doing so he drew drafts on account for each shipment, with bills of lading for the cotton attached, for a certain proportion of its value, called “advances,” which the factors at Plouston paid on presentation. The difference between the amount thus “advanced” or loaned on the cotton by the factors and its market value at any particular…