WELLS FARGO NEVADA NAT. BANK OF SAN FRANCISCO v. CORN EXCHANGE NAT. BANK

No. 3921.

23 F.2d 1 (1927)

WELLS FARGO NEVADA NAT. BANK OF SAN FRANCISCO v. CORN EXCHANGE NAT. BANK.

Circuit Court of Appeals, Seventh Circuit.

Rehearing Denied January 24, 1928.


Attorney(s) appearing for the Case

Frederic Burnham, of Chicago, Ill., for plaintiff in error.

Wm. Ritchie, Jr., of Omaha, Neb., for defendant in error.

Before ALSCHULER, EVANS, and PAGE, Circuit Judges.


PAGE, Circuit Judge.

Plaintiff (plaintiff in error) sued defendant (defendant in error) because of the latter's refusal to pay a draft, drawn against its letter of credit. The jury returned an instructed verdict for the defendant. So far as here material, the letter of credit reads:

"To the New York Oversea Company, Inc., No. 314 Cole Building, San Francisco — Gentlemen: We hereby authorize you to draw on the Corn Exchange National Bank, in Chicago...

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