Interesting Evidence in Action by Belgian Bank Against Montgomery, Ward & Ca.
An action was heard in the U.S. Court last Fmday morning before his Honour Judge C. 8. Lobinglor, at the instance of the Banque Belge Pour L'Etranger against Montgomery, Ward & Ca., to recover the alleged balance due on a loan of Tls. 10,000 made to F. Tillson, former manager of Montgomery, Ward & Ca. Mr. J. W. Schoenfeld appeared for the plaintiff and Mr. P. F. Faison for the defendant.
Mr. E. Mayaudon, of the Belgian Bank, was the first witness for: the plaintiffs, and stated that on May 9, 1921, the bank lent Ts. 10,000 to Frederick Tillson, manager of Montgomery, Ward & Ca., on his signature and that of the endorser, M. Raad, and with a delivery order on Montgomery, Ward Ca. for goods valued at $14,000. This was a personal transaction with Mr. Tillson, the goods in question belonging to him in his capacity of manager of the US. Import & Export Company and having been stored subject to his order in the Montgomery, Ward & Co.'s_ warehouses. The bank still held the receipt and.delivery order, Montgomery, Ward Ca. through its present manager, Mr. J. S. Quinn, refusing to recognize the signature of Tillson as binding.
Text read from the printed page and cleaned; old type leaves the occasional error.