Hager v. President of the Hagerstown Bank

On March. 3rd, 1906-, the late. Colonel Buchanan Schley desired to purchase, and did purchase through the Hagerstown Bank, one hundred shares of the stock of the Amalgamated Copper Company. The money with which to- make this purchase, $10,775, was advanced by the hank upon a note of which Colonel Schley and George H. Hager were the makers.

The stock, when issued, showed upon its face only the name of Colonel Schley, as owner, and the certificate was indorsed for the purposes of transfer by a blank indorsement on the buck, and was delivered to the Hagerstown Bank as collateral for the loan…