Taggart v. First National Bank
Taggart v. First National Bank
Opinion of the Court
The opinion of the court was delivered by
Plaintiff sued the defendant to recover the balance due him upon a certain order given to him by one John Doser, and at the conclusion of the testimony the court directed the jury to bring in a verdict in his favor for the amount claimed; whereupon this appeal was taken.
The evidence disclosed the following facts: One LeBallister was, on the 35th day of December, 1893, the owner of a boom of logs lying at Anacortes, on which the plaintiff held a chattel mortgage for $693.65 and the firm of Taggart & Gilkey, of which plaintiff was a member, held a second chattel mortgage for $303. On said day LeBallister, through his agent John Doser, sold the logs to Nelson & Son Mnfg. Co. to be cut into shingles and shipped. The proceeds of every other car of shingles were to be applied towards paying for the logs, and the bill of lading thereof was to be deposited with the defendant in
It is contended upon the part of appellant that these circumstances did not bind the hank to hold the moneys received as aforesaid for the plaintiff until his order was paid, and that, notwithstanding it, the bank was bound to pay the subsequent checks drawn upon it by Doser. But we do not so understand it. The bank was a party to this understanding, and it was by the suggestion of its cashier that the plaintiff took the order as aforesaid for the amount of his claim and deposited it with the bank, and upon its promise that it would apply the proceeds received from the logs in payment of it. This was binding upon the bank, and therefore it had no right to pay out such proceeds upon subsequent checks given by Doser for other matters, without retaining enough to pay the plaintiff’s claim.
It was further claimed by appellant that there was a conflict in the evidence. This was true as to one or two immaterial points; but the material facts were conclusively established by the written correspondence of the parties, and these were all in evidence and admitted to he genuine by the defendant.
Judgment affirmed.
Hoyt, C. J., and Dunbar, Anders and Gordon, JJ., concur.
Reference
- Full Case Name
- C. L. Taggart v. The First National Bank of Anacortes
- Status
- Published
- Syllabus
- ORDER DRAWN ON BANK — ACCEPTANCE — LIABILITY FOR NON-PAYMENT. The payment by a bank of checks drawn on a special deposit, while neglecting to apply such deposit to the payment of a prior order drawn thereon and placed in the cashier’s hands by agreement of the parties, will render the bank liable to the owner of the order for the amount due thereon, if sufficient funds had been placed in such special deposit to cover the amount of the order.