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FOSTER v. FEDERAL RESERVE BANK OF PHILADELPHIA

No. 20582.

29 F.Supp. 716 (1939)

FOSTER et al. v. FEDERAL RESERVE BANK OF PHILADELPHIA et al.

District Court, E. D. Pennsylvania.

July 25, 1939.

Attorney(s) appearing for the Case

Pepper, Bodine, Stokes & Schoch, by Frederick H. Spotts, of Philadelphia, Pa., for plaintiffs.

MacCoy, Brittain, Evans & Lewis, by Mark Willcox, Jr., of Philadelphia, Pa., for defendant Federal Reserve Bank.

Woolsey, Phillips & Phillips, by Richard Hay Woolsey and Charles F. Phillips, of Philadelphia, Pa., and Henry B. Friedman, of Allentown, Pa., for defendant First Nat. Bank of Lehighton.

KIRKPATRICK, District Judge.

Trial was to the Court without a Jury, and the evidence consisted entirely of two stipulations, which are adopted as the Court's separate findings of fact. The case presented is as follows:

Vertex Hosiery Company of Allentown, Pennsylvania, sent its check for $9,258.05 drawn upon the First National Bank of Lehighton, to Foster Hosiery Mills of North Carolina. Foster deposited it for collection only, with its local bank, which,...

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