FEDERAL RESERVE BANK v. PACIFIC GRAIN CO.

No. 8658.

2 F.2d 270 (1924)

FEDERAL RESERVE BANK OF SAN FRANCISCO v. PACIFIC GRAIN CO.

District Court, D. Oregon.

November 17, 1924.


Attorney(s) appearing for the Case

Albert C. Agnew, of San Francisco, Cal., and Wood, Montague & Matthiessen, of Portland, Or., for plaintiff.

Dolph, Mallory, Simon & Gearin and Edgar Freed, all of Portland, Or., for defendant.


WOLVERTON, District Judge.

At the time of the transactions hereinafter noted, the Federal Reserve Bank of San Francisco (to be, for convenience, called the bank) was the holder, by indorsement of McCornick & Co., Bankers, of three promissory notes, aggregating $40,000, of which Inter-Mountain Milling Company was the maker, bearing date, respectively, February 28, March 7, and March 9, 1921. The Pacific Grain Company, by J. E. MacAlpine, its authorized agent, wrote...

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