Beaty v. Armstrong

This was an action to recover $1,000 which was supposed to have been deposited in defendant bank under a written agreement, which, in substance, recited : That J. H. Beaty, through his agent, O. D. Bryan, had purchased of James Armstrong an undivided one-half interest in the oil royalty from a 160-acre tract of land for $20,000. That $1,000 of the purchase price had. been deposited in the Guaranty State Bank to the credit of Armstrong; that deed from Armstrong to Beaty had been forwarded by the bank to Beaty, with da-aft attached for the balance of the purchase price of $19,000; that if Beaty…