Glidden v. Mechanics' National Bank
Ohio Supreme Court
Error to the Circuit Court of Cuyahoga county. The original action was brought by the Mechanics’ National Bank, against John N. Glidden, in the court of common pleas of Cuyahoga county, on the following written oblig’ation: • “$14,524.00. “Pittsbdrg, Pa., August SO, 1883. “On October 10th after date, I promise to pay to the order of the Mechanics’ National bank, fourteen thousand five hundred and twenty-four dollars, without defalcation, for value received, having pledged to…
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Error to the Circuit Court of Cuyahoga county. The original action was brought by the Mechanics’ National Bank, against John N. Glidden, in the court of common pleas of Cuyahoga county, on the following written oblig’ation: • “$14,524.00. “Pittsbdrg, Pa., August SO, 1883. “On October 10th after date, I promise to pay to the order of the Mechanics’ National bank, fourteen thousand five hundred and twenty-four dollars, without defalcation, for value received, having pledged to the said bank as collateral security, in lieu of an endorser, nine warrants of the Union Storage company numbers as…
1Opinion of the CourtWilliams, J.
The record discloses that at the time of the execution of the written instrument on which the action below was founded, the maker, Glidden, had in store with the Union Storage Company, at Newcastle, Pennsylvania, 972 tons of pig *597iron, for which, he held the company’s nine storage warrants mentioned in the instrument. Each warrant bound the company to deliver the iron represented by it to the order of Glidden at the place of storage, upon payment of the -charges and surrender of the warrant properly indorsed. When the instrument sued on was executed by Glidden, he duly transferred the nine…
2Cases cited9 opinions
- Chouteau v. AllenSupreme Court of Missouri · 1879
- Torrey v. Bank of OrleansNew York Court of Chancery · 1842
- Wilson v. . LittleNew York Court of Appeals · 1849
- Bryan v. . BaldwinNew York Court of Appeals · 1873
- Duncomb v. New York, Housatonic & Northern RailroadNew York Court of Appeals · 1881
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