(DOWNLOAD) "Dows Et Al. v. National Exchange Bank of Milwaukee" by United States Supreme Court * Book PDF Kindle ePub Free
eBook details
- Title: Dows Et Al. v. National Exchange Bank of Milwaukee
- Author : United States Supreme Court
- Release Date : January 01, 1875
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 79 KB
Description
On the 8th of that month Fitch addressed another letter, as follows:–– 'To Merchants' Bank of Watertown, N.Y.:–– 'In my letter of the 2d, I requested you to state in your letter whether you would hold all wheat I consign to you strictly for my account, holding your bank responsible for the safe keeping of the property for this bank, and holding such property subject to my orders in all cases where the drafts made against it are not paid. Your reply of the 6th instant does not answer my inquiry. Will you please write me by return mail, defining your position? We have adopted the invariable rule, to in no instance consign property only on condition that the consignee acknowledges himself responsible for it, until instructed to hand over to a third party. 'Very respectfully, 'W. G. FITCH, Cashier.'In Moffatt's answer of the 11th, he says, 'In reply to yours of the 2d instant, I would say that we will receive, until further notice, such consignments as you choose to send us, holding us responsible for the grain in case of non-payments of drafts, and shall charge 3/8 per cent commissions for so doing.' On the 13th he acknowledged the receipt of Fitch's letter of the 8th, and said, 'I believe your inquiry was answered in mine of the 11th instant.' Letters, in substantially the same language as that of Sept. 2, were written to the cashier of the Merchants' Bank, enclosing the drafts, bills of lading, and certificates of insurance, of the cargoes of the 'Grenada' and 'Corsican.' The cashier of the Merchants' Bank, upon receipt of the drafts and bill of lading of the 'Kate Kelly,' wrote three letters,–one to Smith & Co., dated Watertown, N.Y., Sept. 6, 1869, as follows:–– 'Please find enclosed for acceptance, and return the following; to wit:–– McLaren & Co., on your st. $4,080.81 and exg.
 "Dows Et Al. v. National Exchange Bank of Milwaukee" by United States Supreme Court * Book PDF Kindle ePub Free){kind=link}