Knox County v. Fourth & First Nat. Bank

As it comes before us this case presents the question of the liability of the Fourth & First National Bank of Nash-, ville (hereafter called the Bank) to Knox County (hereafter called the County) for the loss of the greater part of the balance of the County’s deposit in the Bank of Tennessee. The net balance, after crediting the proceeds of certain collateral and a small dividend from Caldwell & Company, amounted to over half million dollars. The Bank of Tennessee was an institution now defunct, which was also located in Nashville. The deposit as indicated was secured by collateral placed in…