Pacific Coast Savings Society v. City & County of San Francisco

The plaintiff is incorporated under the. laws of this state for the purpose of carrying on the business of a building and loan society, and banking incidental to said business, and has been so engaged since its organization. In connection with its business, the firm of J. & W. Seligman, bankers, doing business in the city of New York, have been its correspondents, and it has been accustomed, from time to time, in the course of its banking business, to place money with them to its credit, and to sell, exchange, and draw drafts against the same in the usual and ordinary way customary among…