Richardson v. St. Louis National Bank

10 Mo. App. 246, 1881 Mo. App. LEXIS 112
Missouri Court of Appeals·Decided April 19, 1881·Published

Opinion

Bakewell, J.,

delivered the opinion of the court.

Appellants recovered judgment against James Post, and summoned the St. Louis National Bank as garnishee. Tiedeman & Co. claimed, by an interplea, that they were entitled to $274.40 of the funds. The Circuit Court found in favor of Tiedeman & Co., and rendered judgment in their favor for the full amount claimed by them, and awarded attorney’s fees ip favor of the bank against plaintiffs.

The testimony in the case is the evidence of Post himself and of the officers of the bank in which his account was kept. It is entirely uncontradicted, and is to the following effect: James Post was engaged in selling merchandise on commission, under the name of James Post & Co., no other person being represented in that name. He kept an account in the St. Louis National Bank, under the style, “ James Post & Co., brokerage account.” He opened the account thus to keep his brokerage account separate from any other. He deposited all the proceeds of sales made for him by other parties to that account. His commissions [248]*248for making sales, and his expenses incurred for dr ay age, etc., about the sales, were included in these deposits. He had no other money in the bank. Nothing was deposited to this bank-account but proceeds of sales made for the-various parties who employed him. When he found persons who had flour to sell, he would write to his Eastern correspondents and find out what they would pay for it; and if the holders here would take what was offered for it, he would ship it, and draw for the commissions and expenses, and deposit and sell the draft, and out of the proceeds pay the sellers the agreed price. He had drawn out, all his commissions, etc., before the garnishment, and never claimed the money left in bank as his own. It belonged to those for whom he had made sales, and would have been handed to them had the bank not been summoned as garnishee. The items of the bank-account were as follows : —

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Richardson v. St. Louis National Bank, 10 Mo. App. 246, 1881 Mo. App. LEXIS 112 (Mo. Ct. App. 1881).

10 Mo. App. 246 (Richardson v. St. Louis National Bank) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.