Hopkins v. Beebe
Supreme Court of Pennsylvania
Cebtieioate from the Court of Nisi Prius. This case originated in the transactions of the banking-houses of Samuel J. Beebe and George W. Beebe, doing business in New York as Beebe & Co.; R. M. Ludlow and R. M. Ludlow, Jr., as Ludlow & Co., in Philadelphia; and S. Beebe Ludlow, as S. Beebe Ludlow & Co., in San Francisco. The facts of the case sufficiently appear in the opinion of his Honour, Mr. Justice Black.
1Opinion of the Court
The opinion of the Court was delivered by
Black, J.
A., B., and C. were bankers or dealers in bullion and exchange. A. was established at San Francisco, B. at Philadelphia, and C. at New York. On the 10th of February, 1851, B, gave a letter of credit to A. which authorized A. to draw on B. for any amount of money required in his business. A. made this letter as public as he could, by advertisement in the California newspapers, and drew largely on'B., who for a time regularly accepted and paid the bills. To make B.’s acceptances safe, and to reimburse his payments, A. from time to time remitted…
2Cases cited3 opinions
- Mandeville v. WelchSupreme Court of the United States · 1820
- Tiernan v. JacksonSupreme Court of the United States · 1831
- Mott v. DanforthSupreme Court of Pennsylvania · 1837
3Cited by1 opinion
- Commonwealth National Bank v. MillerSuperior Court of Pennsylvania · 1981