Legal Opinion

President of the Bank of the United States v. President of the Bank of Georgia

Supreme Court of the United States

Decided March 19, 1825PublishedCited by 136 opinions

ERROR to. the Circuit Court of Georgia. This was an action of assumpsit, brought by the plaintiffs in error, the President, &c. of the Bank of the United States, against the defendants in error, the President, &c. of the Bank of the State of Georgia, in which the plaintiffs declared for the balance of an account stated, and for money had and. received to their use.

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ERROR to. the Circuit Court of Georgia. This was an action of assumpsit, brought by the plaintiffs in error, the President, &c. of the Bank of the United States, against the defendants in error, the President, &c. of the Bank of the State of Georgia, in which the plaintiffs declared for the balance of an account stated, and for money had and. received to their use. At the trial, the plaintiffs offered evidence, to prove, that mutual dealings existed between the parties, in the course of. which, each being in the receipt of the bills of the other, they mutually paid in or deposited the bills…

1Opinion of the CourtJustice Story

This is a case of great importance in a practical view, and has been very fully argued upon its merits. The Bank of Georgia having ori ginally issued the bank notes in question, they were, in the course of circulation, fraudulently altered, and having found their way into the Bank of the United States, the latter presented them to the former, who received them as genuine,, and placed them to the general account of the Bank of the United States, as cash, by way of general deposit. The forgery was not discovered until nineteen days afterwards, upon which, notice was duly given, and a tender of…

2Cases cited2 opinions

  1. Young v. AdamsMassachusetts Supreme Judicial Court · 1810
  2. Levy v. President of the Bank of the United StatesSupreme Court of Pennsylvania · 1802

3Cited by136 opinions

  1. Leather Manufacturers' Bank v. MorganSupreme Court of the United States · 1886
  2. Juilliard v. GreenmanSupreme Court of the United States · 1884
  3. Bacon v. BaconCalifornia Supreme Court · 1907
  4. People v. HallMichigan Supreme Court · 1974
  5. United States v. National Exchange Bank of ProvidenceSupreme Court of the United States · 1909

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