Legal Opinion
Northrop v. Smith
New York Court of Appeals
Decided January 31, 1890Published
Appeal from a judgment of the general term of the superior court of the city of New York, affirming a judgment entered upon a verdict, and an order denying a motion for a new trial.
1Opinion of the CourtVann, J.
According to the testimony of the plaintiff, the firm of Smith, Clark & Co. applied to him for a loan and, not having the money, he lent them the bonds ifi question and took back a receipt, of which the following is a copy, viz.: •
*533“ Received, New York, December 31, 1868, from Mr. Charles Northrop $10,000 in two 5-20 registered bonds issued May 6, 1867, No. 2036 and No. 2037.
“ No. 2036, $5,000.
“ No. 2037, $5,000. To be returned on demand. Ten thousand dollars ($10,000).
“ Smith, Clark & Co.” •
Each bond bore the following endorsement: “ $5,000. For value received I assign unto * * * the within…
2Cases cited3 opinions
- Bagley v. . BoweNew York Court of Appeals · 1887
- Hubbard v. . MatthewsNew York Court of Appeals · 1873
- Baird v. WalkerNew York Supreme Court · 1851