Rankin v. Chase National Bank…
“ We may not indulge in conjecture, but must dispose of the case as depending upon the real, not the imaginary, transaction. Measuring the rights of the parties by this rule, we see no escape from the conclusion that the money collected by the Chase bank for account of the Elmira bank was obviously the property of the latter. The draft on Philadelphia was refused because of the delay which it was feared would attend its collection. ”
