Pierson v. Canal Bank
Supreme Court of Louisiana
Appeal from Civil District Court, Parish, of Orleans; John St. Paul, Judge. In the matter of the succession of John J. Gragard. Action by Edward Pierson, administrator, against the Canal Bank. Judgment for plaintiff. Defendant appeals.
1Opinion of the CourtProvo Sty, J.
John J. Gragard, a commission merchant and cotton factor of the city of New Orleans, died insolvent. He had delivered to the defendant bank, in pledge for the security of a loan, a warehouse receipt for cotton which he held for his customers, and upon which he had made advances of money to his said customers. After his death the defendant bank obtained the delivery of the cotton from the warehouse, and the administrator of the succession brought the present suit to recover back the cotton, or the value thereof, on the ground that the pledge was invalid, and the taking possession of the cotton…
2Cases cited3 opinions
- Pierson v. Metropolitan BankSupreme Court of Louisiana · 1901
- Pierson v. Metropolitan BankSupreme Court of Louisiana · 1903
- Pierson v. Canal BankSupreme Court of Louisiana · 1901