136 Ga. 372 | Ga. | 1911
J. H. Everett & Son sued out an attachment against the Boyd and Gunning Milling Company, and caused the same to be levied on a certain lot of flour contained' in a railroad car. The National Bank of Webb City, Missouri, filed its statutory claim. The verdict of the jury was adverse to the claimant, and its motion for a new trial was overruled. The flour upon which the attachment was levied was consigned by the milling company to itself, with direction in the bill of lading to notify the-plaintiffs. The bill of lading was indorsed by the milling company-and attached to the draft drawn'by the milling company, for the purchase-price of the flour, on the plaintiffs in favor of the claimant. The draft with bill of lading attached was deposited by the milling company with’the bank, and the amount thereof placed to its credit. The draft with bill of lading attached was duly presented to the plaintiffs, who refused to pay it. At the time of the deposit of the draft 'the milling company' had overdrawn its account with the bank. The milling company deposited other items tliat day, and drew several checks against the same. The milling company has not reimbursed the bank for the dishonored draft. The bank has not charged or received interest on the amount represented by the dishonored draft. The foregoing is a fair résumé of all the testimony bearing on the bank’s acquisition of the bill of lading. We do not think this testimony sufficient to justify the contention of the plaintiffs that the bank had no title to the flour but was simply acting as the agent of the milling company in the collection of the draft drawn by it on the plaintiff. Prima facie the passing to the credit of a depositor of a check drawn in favor of the bank, not indicating that it was deposited merely for collection, passes'the title to the bank. 2 Morse on Banking, § 569 et seq. This general rule will yield to the intention of the parties as
■Judgment reversed.