Colonial Trust Co. v. Fidelity & Deposit Co.

At some time prior to August 10th, 1912, Abner Green-leaf owned eight “Virginia debt certificates,” having a face value of $20,031.72. These certifi.ca.teB> which were¡ obligations of the State of Virginia to pay to- the holder thereof the .amounts named in them and for which they were respectively issued, were negotiable and passed by delivery. Before the date referred to Abner Greenleaf appears to have lost or misplaced them, and to have made application - to Brown Brothers, a brokerage partnership then acting as fiscal agents of the State of Virginia, for duplicates of the certificates…