OELBERMANN v. NATIONAL CITY BANK OF NEW YORK

No. 27.

79 F.2d 534 (1935)

OELBERMANN et al. v. NATIONAL CITY BANK OF NEW YORK.

Circuit Court of Appeals, Second Circuit.

November 4, 1935.


Attorney(s) appearing for the Case

Shearman & Sterling, of New York City (Carl A. Mead, Herbert C. Smyth, and M. Van Voorhies, all of New York City, of counsel), for appellant.

Spence, Hopkins & Walser, of New York City (Ralph B. Evans and Richardson Dilworth, both of Philadelphia, Pa., of counsel), for appellees.

Before MANTON, AUGUSTUS N. HAND, and CHASE, Circuit Judges.


MANTON, Circuit Judge.

Appellees, the plaintiffs below, are wool merchants of Philadelphia, Pa., and they financed the operations of Robert Smith Company (China), Limited, at Tientsin, China, in the purchase and exporting of wool, by causing a Philadelphia bank to issue, in favor of Smith, its letters of credit which he negotiated at the Tientsin branch of the appellant. At the commencement of such business relations, these were documentary letters

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