Supreme Court of South Carolina, 1929

Rivers v. Woodside Nat'l Bank

Supreme Court of South Carolina · Decided April 10, 1929 · MR. JUSTICE BLEASE.<page_number>Page 60</page_number>

147 S.E. 661; 150 S.C. 45; 1929 S.C. LEXIS 124 (South Eastern Reporter)

Counsel

Messrs. Thos. Allen , and Price Poag , for appellant, cite: One who negotiates forged paper "without recourse" is responsible for same: 74 S.C. 180 . Messrs. Nettles Oxner , and Watkins Prince , for respondents, cite: No limit imposed by law on amount national bank may advance on bills of exchange drawn against actual existing values, and commercial or business paper: U.S.C.A., Title 12, Sec. 84; Pratt's Dig. Fed. Bkng. Laws (1920 Ed.), 102.

Opinion of the Court

April 10, 1929. The opinion of the Court was delivered by This is a cause in equity, and it is incumbent upon the appellant to convince the Court that the Circuit Judge was in error in the conclusions reached by him as to the facts. We have not been so convinced. The cause depends entirely upon the facts, as there is no error of law. The decree of the Circuit Judge, Hon. T.S. Sease, will be reported, and it is affirmed.

MR. CHIEF JUSTICE WATTS and MR. JUSTICE COTHRAN concur.

Dissenting Opinion

After a careful study of the case, I am convinced that the judgment of this Court should be in accordance with the conclusions of the Special Referee. Let his report be incorporated in the report of the case.

MR. JUSTICE CARTER concurs.

Case-law data current through December 31, 2025. Source: CourtListener bulk data.