Babcock v. National Surety Co.

This action was brought originally against the Guaranty 'Trust Company of New York to recover the possession of five first mortgage six per cent twenty-five-year sinking fund gold bonds of Wilson & Co., Inc., of the denomination of $1,000 each, with all coupons attached, or in case of failure to so obtain said bonds, for judgment for their value. The action is based upon the plaintiffs’ claim of ownership of five interim certificates purchased by them in good faith for value, which five certificates were part of an issue of $15,000,000 of interim certificates made by the said trust company.…