EVANSVILLE BANK v. GERMAN-AMERICAN BANK

MR. JUSTICE BREWER, after stating the case, delivered the opinion of the court.

The Fidelity Bank did not purchase this draft from the plaintiff, and, although it acquired the mere legal title, never became its equitable owner. It received it as an agent, and the endorsement, "for collection, for German-American National Bank of Peoria, Illinois," was notice to it and every subsequent holder that it was forwarded simply for collection. Neither by the express terms...