(DOWNLOAD) "Goetz, Jr., And Another v. Bank of Kansas City" by United States Supreme Court # eBook PDF Kindle ePub Free
eBook details
- Title: Goetz, Jr., And Another v. Bank of Kansas City
- Author : United States Supreme Court
- Release Date : January 10, 1887
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 68 KB
Description
B. K. Miller, for defendant in error. In Oc tober, 1881, the plaintiffs in error, Goetz and Luening were partners in the business of buying and selling hides on commission, at Milwaukee, Wisconsin. At that time one Du Bois was a dealer in hides at Kansas City, Missouri. On the tenth of that month Du Bois telegraphed to them from Kansas City, inquiring what they could sell 400 green salt hides for, and what they would advance on a bill of lading of the shipment. The firm answered by telegram, stating the market price of light hides on that day, and that they would pay a draft 'for two-thirds value, bill of lading attached.' On the same day the firm sent a letter to Du Bois, repeating the message, and adding that if the hides were in good condition, and No. 1, they could sell them readily; that their commission was 2 1/2 per cent.; and that they would sell all hides that he might ship to the market at Milwaukee. Upon this understanding, and during the same month, Du Bois drew upon the firm five drafts, amounting in the aggregate to $9,395, which were accepted, and, with the exception of the fifty one, were paid. The fifth one, which was for $2,000, was protested for non-payment. To each of the drafts were attached a bill of lading and an invoice of the shipment. The bill of lading purported to have been issued by the Chicago & Alton Railroad Company, stating that it had received hides, giving the number and estimated weight, to be transported on the road from Kansas City to Milwaukee, and marked and consigned as follows: 'To shipper's order. Notify Goetz and Luening, Milwaukee, Wis.' The invoice purported to give the net weight in pounds of the hides shipped, and the market price at Milwaukee, and their estimated aggregate value, referring to the sight draft for two-thirds of the amount.