Continental National Bank v. First National Bank

The bill in this case seeks to hold the First National Bank of Nashville liable to the Continental National Bank of Memphis for about $30,000.

The ground of liability as claimed is, that the Nashville Bank in its own interest, and for its own benefit, falsely and fraudulently represented to *376the Memphis Bank that certain parties on paper’ presented to it for discount were good and solvent, when, as a matter of fact, they were insolvent, and the Memphis Bank, in consequence, lost the greater part of the money loaned.

The Nashville Bank denied all allegations that tended to show liability on its…