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TOPAS v. JOHN MACGREGOR GRANT, INC.

No. 237.

18 F.2d 724 (1927)

TOPAS et al. v. JOHN MacGREGOR GRANT, Inc.

Circuit Court of Appeals, Second Circuit.

April 4, 1927.

Attorney(s) appearing for the Case

Evarts, Choate, Sherman & Leon, of New York City (Maurice Leon, Joseph H. Choate, Jr., and Raymond G. Irvine, all of New York City, on the brief), for appellants.

Isidor J. Kresel, of New York City (William S. Siemon, of New York City, on the brief), for appellee.

Before MANTON, HAND, and SWAN, Circuit Judges.

HAND, Circuit Judge.

Topas & Co. were China merchants, using the Russo-Asiatic Bank at Shanghai as their bank. Between July, 1919, and March, 1922, they shipped certain wool to the defendant as a factor, to sell and remit the proceeds to the bank. The bills of lading and other shipping documents Topas & Co. delivered, properly indorsed, to the bank, which lent upon them sums aggregating something more than $150,000...

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