Hallett v. Fish

WHEELER, District Judge.

At the argument no point was made as to any difference in destination of the proceeds of the plaintiff’s securities. On settlement of the decree, that aspect of the case and questions relating to interest have been made and heard.

The National Bank of Redemption was reserve agent of the Farmers’ National Bank, and had its gold reserve, amounting to $4,000. At the time of the pledge of the securities the Farmers’ Bank appears to have been indebted to the Bank of Redemption for $6,682.82 paid on overdrafts unsecured, and for'$4,000 more secured by the gold reserve, and,…