(After stating the foregoing facts.)
1, 2. When the receipt was signed by the plaintiff the voucher became an order on the Chicago bank for the sum expressed in its face. The voucher recited upon its face that it was payable in current funds of the bank when the receipt was signed. When the receipt was signed the voucher had all of the incidents of a check drawn in the usual form upon the order of the payee and indorsed by him. It was the right of the payee to divest himself of the title tó the voucher by an absolute sale, or he could appoint an agent to collect and remit to him the proceeds. Ordinarily banks do not buy the checks of their customers drawn on other banks, but there is no legal objection to their doing so. Generally checks or drafts of this kind are accepted only for collection. The customer may be credited with the paper, or he may be credited' with the amount of the check as cash (Bailie v. Augusta Savings Bank, 95 Ga. 277, 21 S. E. 717, 51 Am. St. R. 74); but even in the latter case it is well settled that the bank does not forfeit the right to charge the amount back to the customer if the check is dishonored. 1 Morse, Banks and Banking (4th ed.), § 187. Sometimes, as a matter of accommodation to customers, banks do credit as cash the amount of foreign checks and permit the depositor to draw immediately against the credit; but this is a mere matter of custom or practice, which Can of course be departed from at any time and in any ease. Generally title to a particular check deposited in a bank does not pass out of the depositor until the proceeds are collected. The question, like all other questions of contract, depends upon the intention of the parties. If they intend title to pass, and by apt words enter into an agreement to this effect, such a contract will be given legal efficacy. But the courts will rather presume that simply the relation of principal and agent was created, in the absence of clear evidence that the parties intended that the relation of debtor and creditor should arise immediately upon the deposit of the check. Where a draft or check *722is deposited “for collection/’ it is clear that the title does not pass. Central Railroad v. First National Bank, 73 Ga. 383; Neal v. Gray, 124 Ga, 511 .(3), (52 S. E. 622). Where it is.deposited generally, upon an indorsement in blank, and nothing more appears, it will be presumed that the deposit was made in the usual course of business, and that the depositor intended to appoint the bank as his agent to collect the proceeds and deposit them to his credit. Here the voucher was left “for collection and credit to his individual account with said Neal Bank for deposit.” There is no averment of any agreement or understanding other than that which may be implied from this language. There is no allegation that at the time the voucher was left with the bank the plaintiff was credited with the amount of it as cash, or that there was any agreement that he was to be allowed to draw against the voucher, or any previous course of dealing by which he had the right to do this, or that he actually did so. We are, therefore, confined to the language of the averment above quoted, to ascertain the intention of the parties. So dealing with the case, we are very clear that title did not pass from the plaintiff. The evident meaning of the averment is that the plaintiff appointed the bank his agent to collect, and that when collected the proceeds should be deposited to his individual credit. This being so, the plaintiff had the right to control the check and stop its payment. The agency was revocable and could be terminated at the plaintiff’s pleasure. Indeed, the insolvency of the bank before the collection was actually made terminated the agency and the bank’s right to proceed. 5 Cyc. 512. But unless terminated, the agency continues until the collection is made, after which the relation of debtor and creditor arises. In Freeman, v. Exchange Bank, 87 Ga. 45 (13 S. E. 160), a check was indorsed “for deposit to the credit of” the indorser. It was held that the proceeds of the check in the hands of a disinterested bank through whose agency the collection was made were subject to garnishment as assets of the indorser. We quote from the opinion of Mr. Chief Justice Bleckley: “There being in evidence no facts extrinsic to the bill itself and its indorsements to throw light upon the question of title, we are not to be understood as holding that such facts might not exert a controlling influence on the question. Indeed, there is authority for giving them such effect when duly proved. A deposit of paper in bank by 'a customer, he indorsing it ‘ For deposit/ *723may operate to clothe the bank with title under certain circumstances. National Commercial Bank v. Miller, 77 Ala. 168; 2 Morse on Bank. § 577. But the general rule is, that by a restrictive indorsement the depositor retains the title. Bolles on Banks and Depositors, § 330.” In Fourth National Bank v. Mayer, 89 Ga. 108 (14 S. E. 891), it was held: “Where a regular customer of a bank deposits with the bank his draft payable to his own order and indorsed, ‘ For deposit to the credit of ’ the drawer, and the same is entered to his credit on the books of the bank and forwarded by the bank to another bank for collection, the drawer, by the course of dealing, having the right to check against such deposit and in fact checking against it, and his checks being honored, the title to the draft passes to the first bank, and when collected by the second, the proceeds are not subject to garnishment at the instance of a creditor of the drawer, such proceeds being the property, not of the drawer but of the first bank. The case is distinguishable from C. R. R. v. First Nat. Bank, 73 Ga. 383, and Freeman v. Exchange Bank, 87 Ga. 45 [13 S. E. 160].” We are of the opinion that the judgment of dismissal can not be sustained upon the ground upon which it was placed by the learned trial .judge.
3. It is contended that the demurrer was rightly sustained because, under the facts alleged, the plaintiff was a preferred creditor of the Neal Bank, and could have avoided any loss by following the fund in the hands of the receiver; that the proceeds of the voucher which came into the hands of the receiver was a trust fund, and that a court of equity would have awarded it to him as such. We need not consider whether a wrong-doer, like the defendant is admitted by the demurrer to be, can raise such a question. There is force in the suggestion that one who has wrongfully occasioned another damage ought not to be heard to say, after the damage is done, that the injured party should have sought relief in another proceeding and against another party. Whether the general rule that an injured party is bound to lessen his. damage would make permissible a defense of this nature we need not inquire. In the celebrated English ease of Knatchbull v. Hallett, 13 Ch. D. 696, the old equity rule that either the property misappropriated by a faithless agent or its proceeds must be capable of identification, before equity would impress it with a trust in favor of the party wronged, was enlarged and extended so as to apply to a case where money held by a person *724in a fiduciary character was paid by him to his account at his banker’s; it being held that in such a case the owner of the mone3r could follow it and have a charge on the balance in the banker’s hands. This modern doctrine has been followed by some of the American courts and-applied to a fund collected by an insolvent bank as agent for another. See 5 Cyc. 512; 3 Am. & Eng. Enc. Law (2d ed.), 805; 2 Morse, Banks & Banking (4th ed.), § 590; State v. Edwards, 61 Neb. 181 (85 N. W. 43, 52 L. R. A. 858). But the rule is settled otherwise for us by the Supreme Court. In Tiedeman v. Fertilizer Co., 109 Ga. 661 (34 S. E. 999), it was held: “Where the owner of notes placed the same in the hands of another for collection, and the bailee, having made collections, failed to remit the proceeds, the claim of the owner of the money collected was, in a general sense, in the nature of a fiduciary debt, but not such an one as entitled him to a priority over the claims of general creditors in the distribution of the assets of the bailee who had become insolvent.” Ober v. Cochran, 118 Ga. 396 (45 S. E. 382, 98 Am. St. R. 118), is to the same effect. But it is said that the rule announced in these cases should not be applied where the bank became insolvent before the collection was made and the fund was paid over to the bank’s receiver. In such a ease it is urged that the fund is an asset of the depositor in the custody of the court, the depositor never having become a creditor of the bank, and the agency to collect having been terminated by the insolvency of the bank; that the receiver has no right to mingle the fund with the general assets of the insolvent bank, but should hold it as a trust fund to be paid over to the depositor upon demand. There is much in this argument to commend it. The particular fund is in gremio legis, and collected by the receiver as a special fund, in consummation of the agency of the bank, which has been terminated by its insolvency. The receiver is not bound to accept the fund; and if he does so, it would seem to be equitable and right for him to pay it over intact to .the person who employed the bank to make the collection. But in Schofield Manufacturing Co. v. Cochran, 119 Ga. 901 (47 S. E. 208), the bank failed and was placed in the hands of a receiver before the money was returned, and it was held that the owner of the draft which was thus collected was not entitled to priority over general creditors. This *725decision settles this question adversely to the contention of the defendant in error.
4. It is contended that the judgment dismissing the petition should be affirmed because the plaintiffs claim for damages is dependent upon a speculative or contingent event, which is not so legally certain as to authorize a recovery against the defendant. In other words, it is said that the allegation in the petition that the addressee, Carlos S. Hardy, would have stopped payment of the check had the message been promptly delivered is an averment as to the happening of an event uncertain and speculative. The rule applicable in such cases is thus stated in the Cyclopedia of Law and Procedure, vol. 37, p. 1758: “The loss is not, in the eye of the law, the proximate consequence of the telegraph company’s negligence in a case where, even if the company had performed its duty, there can be no legal certainty that the loss would not still have occurred or the object of the message have been defeated. Thus, if the happening or preventing of the loss, even though the telegraph company had performed its duty, would still have been dependent on a speculative or contingent future event, or on the voluntary action or inaction of the other party to the message, or of plaintiff himself, or of a third party, where there was no obligation on the part of such party to act or not to act, it can not be said with legal certainty that the loss was the result of the telegraph company’s negligence.” This rule has been applied in a great variety of cases. For instance, where a suit was brought against a telegraph company for damages on account of the failure of the plaintiff to complete a contract referred to in the message, it was said that before the plaintiff could recover it must be said “with legal certainty that if that telegram had been delivered, there would have been an actual contract; for if a contract had not ensued, the company would clearly not be liable. We everywhere come across the rule that damages must not be contingent and conjectural. I do not here mean a conjectural process of fixing the mere amount of damages; but I mean that we can not fix damages upon a party as guilty of wrong upon a cause or basis resting on a contingency, upon an event that might, or might not, have happened. We can not say that the proposal of the lumber company would have been accepted.” Beatty v. Telegraph Co., 52 W. Va. 414 (44 S. E. 311). To the same effect, see Tanning Co. v. Telegraph Co., 143 N. C. 376 *726(55 S. E. 777). The rule was applied in favor of the telegraph company in a case where it was sued for damages for failing to deliver a message to a witness summoned to testify in a pending action. It was held that the claim of the plaintiff that, if the witness had been present, he would have won his case was too speculative to be the basis of damages. Martin v. Telegraph Co., 18 Wash. 260 (51 Pac. 376). Claim for damages was also denied in a case where the company failed to deliver a message to a son, announcing the illness of his father, the claim being predicated upon the theory that if the message had been delivered, the son would have reached his father’s bedside before his death and would have recieved from him a donation. The court held that such a loss as claimed by the plaintiff could not have been contemplated when the message was delivered. Chapman v. Telegraph Co., 90 Ky. 265 (13 S. W. 880). In Western Union v. Crall, 39 Kan. 580 (18 Pac. 719), it was held that damages could not be recovered on account of loss of anticipated gain based upon the probability of the plaintiff’s horse being able to win prize purses at a trotting race. In Walser v. Telegraph Co., 114 N. C. 440 (19 S. E. 366), it appeared that the comptroller of the currency sent a telegram to the plaintiff, inquiring if he would accept the receivership of a certain bank at a compensation mentioned in the telegram. It was held that the plaintiff could not recover damages for the non-delivery of the message, inasmuch as, even if he had accepted the offer, the government was under no legal obligation to appoint him, and that for this reason the damages were too remote and rested upon an event too uncertain. So in a case where a telegram was sent requesting the shipment by express of four gallons of whisky, the plaintiff was not allowed to recover, because there was no evidence that the whisky would 'have been sent if the error in the transmission of the message had not been made. Newsome v. Telegraph Co., 137 N. C. 513 (50 S. E. 279). See also Smith v. Telegraph Co., 83 Ky. 104 (4 Am. St. R. 126) ; McColl v. Telegraph Co., 44 New York Superior Ct. 487. Tn Clay v. Western Union Telegraph Co., 81 Ga. 285 (6 S. E. 813, 12 Am. St. R. 316), the plaintiff alleged that, by the negligence of the company, a telegram sent to him was not delivered in time for him to make a trade, whereby he lost, a certain sum which he would have made as profits if he had received the telegram at the proper time. The plaintiff was an undertaker, and the telegram was a *727direction for him to meet a certain train, to arrange for the shipment of the remains of the person named in the telegram.- The court held that by the failure of the company to deliver the message the plaintiff lost a mere opportunity or possibility to make something, and the judgment dismissing the petition on general demurrer was sustained. ' See, also, Western Union Telegraph Co. v. Watson, 94 Ga. 202 (21 S. E. 457, 47 Am. St. R. 151); Bashinsky v. Western Union Telegraph Co., 1 Ga. App. 761 (58 S. E. 91). In the case last referred to, the plaintiffs alleged that by the failure of the defendant to deliver a message they lost a contract under which they would have made certain commissions. Judge Eussell, speaking for the court, said: “It can not be seen, from the allegations of the petition, how the plaintiffs were damaged. No right to recover damages is alleged. It is nowhere distinctly alleged that the plaintiffs had a contract with the sender of the message. On the contrary, -from the distinct averment in the fourth paragraph of the petition, that they ‘would have been able to have made the contract/ etc., it can only be inferred that they did not have such a contract as would have bound the sender of the message. They lost nothing but a chance to make something. It was a ease of lost opportunity, but the plaintiffs were in the same condition after receiving the telegram as they were before, except the expense of their reply, which was sent ‘ at a venture.’ It is averred that if the plaintiffs had received the telegram in time, they would have made $1,999.99. They might have done this, if they had been able to make the contract, or they might not. No contract is set out.” See also Richmond Mills v. Western Union Telegraph Co., 123 Ga. 216 (51 S. E. 290), where the telegram which the defendant failed to deliver contained a mere proposal to sell goods. It was held that the claim of the plaintiff, that if the message had been delivered, the purchaser would have accepted and they would have made certain, profits, rested upon an event too uncertain to authorize a recovery. In Capers v. Western Union Telegraph Co., 71 S. C. 29 (50 S. E. 537), the right to recover damages for the failure of the defendant to deliver a message in time to have money deposited in a.bank to .pay a cheek was denied upon the ground that the plaintiff failed to allege “ that the addressee would have delivered the money in time to the person designated to convey it to the bank, arid 'that--such person would have conveyed it in time.”
*728We recognize the soundness of these decisions and the correctness of the general rule therein announced, but we do not think this rule is applicable to the facts of the present case. If one owes another money, it is his duty to seek him out and pay him in legal tender. If the creditor, for the mere accommodation of the debtor, accepts the latter’s personal check drawn upon a foreign bank, the creditor has the right to appoint an agent to collect this check. The delivery of the check to the creditor does not satisfy the debt, unless expressly so accepted. The obligation of the debtor continues until the check is actually paid. The creditor has a right to revoke the agency to collect, and, if he appoints a faithless agent and undertakes to revoke the agency, it is the duty of the debtor to co-operate with the creditor in the revocation of the agency; and if the debtor received from the creditor a telegram requesting him to stop payment of the check, and he should fail to do so, and the money should be misappropriated by the agent appointed to collect, the debt would not be satisfied and the debtor would still be liable to the creditor. This being true, the debtor would be under a legal obligation to stop payment of the cheek. The court will not assume, as a matter of law, in such a case, that the debtor would not comply with this obligation imposed upon him, but, on the contrary, will presume that he would have done what the law would require him to do in order to relieve himself from liability. The allegation in the petition is that the person to whom the message was addressed would have stopped payment of the check. If this person had been under no obligation to stop payment, but a mere outsider, the plaintiff would have stated no cause of action; because in that case the person to whom the message was sent might or might not have complied with the request, would have been under no obligation to do so, and the court would not presume that he would have done so. The possibility of his complying with the request in such a case would have been too uncertain and contingent to form the basis of a recovery. But we think the case is altogether different where the person to whom the message is sent is the one who drew the check and who owed the money, and who was, therefore, under a legal obligation to take the necessary steps to save himself from loss. See generally, on this subject, Western Union Telegraph Co. v. Ford, 8 Ga. App. 514 (70 S. E. 65), s. c. ante, 606 (74 S. E. 70).
5. But it is contended that Hardy, the person to whom the tele*729gram was addressed, was not such a debtor of the plaintiff as to place him under any legal obligation to comply with the request contained in the telegram. Under the allegations of the petition, the amount of money named in the voucher was due to the plaintiff, to be used by him for the purpose mentioned in the petition. Hardy was the custodian of the fund out of which this money was to be paid. He had a right to withdraw the fund by check. It was his duty as an agent of the supreme lodge of the Knights of Pythias, and as custodian of the fund, to pay over this amount of money to the plaintiff. Now, suppose the message had been promptly delivered to Hardy and he had negligently failed to notify the Chicago bank to withhold payment of the check. Is it not clear that Hardy would have been personally responsible for the loss of this money? A corporation acts only through its agents, and if one of its agents, by negligent inaction, causes the corporation to sustain a loss, the agent would be liable to the corporation. It is also true that if this agent, by his negligence, causes third persons to sustain loss, the agent would be individually responsible to the party injured. "We think, therefore, that under the allegations of the petition the case stands just as though it were a transaction between an ordinary creditor and an ordinary debtor.
The fact that the telegram was addressed to Hardy as an individual makes no difference. It is said that 'as an individual Hardy had no right to stop payment on the check, but could have done so acting only in his capacity as an officer of the supreme lodge of the Knights of Pythias. We think it is entirely immaterial that the message was not addressed to him in his official capacity. Hardy as an officer and Hardy as an individual were one and the same man. If he had received the telegram as an individual, in all probability he would have taken whatever action was necessary and proper as an officer of the lodge to stop payment of the check. If the plaintiff had met Hardy on the street and requested him to stop payment of the check, it certainly would not have been necessary to address him expressly as general secretary of the supreme lodge of the Knights of Pythias, nor was it necessary to incorporate his official title in the telegram.
It is further contended that if there is any right of action at all, it is in the supreme lodge of the Knights of Pythias, and not in the plaintiff; that it appears from the allegations of the peti*730tion that the money belonged to the Knights of Pythias, and not to the plaintiff, and that he was the mere agent of the lodge to disburse the fund. The petition alleges, that the plaintiff was individually responsible to the supreme lodge of the Knights of Pythias for the safe-keeping and proper distribution of the voucher-check deposited with the Neal Bank; that no loss ensued to the supreme lodge by reason of the failure of the plaintiff to receive the proceeds of the check, and that the plaintiff alone was responsible fox its loss, and that he had in fact made the same good to the supreme lodge. We think these allegations were sufficient to show that the plaintiff was authorized to bring suit in his own name. He avers, that he was responsible to the supreme lodge for the safekeeping of the money; that the loss was occasioned by the act of the agent whom he appointed to collect the money, and that, recognizing his liability, he in fact paid to the supreme lodge the amount of the check. Hnder these allegations the plaintiff had a right to maintain the action. Our conclusion is that the demurrer was not well taken, and that the court erred in dismissing the petition.
Judgment reversed.