American Trust & Banking Co. v. Harris

Hodges, J. Harris, as guardian, sued the American Trust & Banking Company for a certain amount which he alleged was left' on deposit with the bank. The evidence offered by the plaintiff showed that Harris authorized the bank, through its cashier, Sterne, to lend on good security the money so deposited; that instead of the hank lending the money on good security, the amount was used by Sterne, the cashier, and his note for the amount was tendered to the guardian, and the guardian declined to accept the note. According to the plaintiff’s evidence, he was dealing with the hank, and not with Sterne in his individual capacity; and the money deposited by the plaintiff as guardian was surrendered by the hank to "Sterne without notice to the plaintiff or without an order from him to do so. According to the evidence in behalf of" the bank the plaintiff dealt with Sterne individually and authorized Sterne to lend the money to any one without security. The jury; resolved the issue of fact in favor of the plaintiff, and by its verdict held the hank liable to the guardian. A motion for new trial was made and overruled. The questions presented are disposed of in the headnotes, and it is not necessary to add to what is there said. Judgment affirmed.