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CLEVE v. CRAVEN CHEMICAL CO.

Nos. 2588, 2589.

18 F.2d 711 (1927)

CLEVE et al. v. CRAVEN CHEMICAL CO. et al. CRAVEN CHEMICAL CO. v. FEDERAL RESERVE BANK OF RICHMOND et al.

Circuit Court of Appeals, Fourth Circuit.

April 12, 1927.

Attorney(s) appearing for the Case

Larry I. Moore, of New Bern, N. C. (Moore & Dunn, of New Bern, N. C., on the brief), for Cleve & White.

George Rountree, of Wilmington, N. C. (Rountree & Carr, of Wilmington, N. C., on the brief), for Craven Chemical Co.

M. G. Wallace, of Richmond, Va., for Federal Reserve Bank.

Before ROSE and PARKER, Circuit Judges, and BAKER, District Judge.

PARKER, Circuit Judge.

On December 6, 1923, the firm of Cleve & White, of Vanceboro, N. C., sent to the Craven Chemical Company, of Wilmington, N. C., a check for $7,467.50, drawn on the Bank of Vanceboro, in payment of a debt due the Chemical Company. The check was received on December 7th, and on the same day was deposited with the Murchison National Bank and credited to the account of the Chemical Company. The Murchison Bank immediately forwarded it for collection...

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