In re First National Bank

In May, 1892, John Howard, the owner of certificate No. 29, for fifty shares of the capital stock of William A. Miles & Go., a domestic corporation, being indebted to one Frank Seaman, indorsed the said certificate to the First National Bank of the City of Brooklyn, to secure it for moneys advanced and to be advanced by it to said Seaman. Such advances now amount to about $10,000. No transfer of the stock has ever been made on the books of the company; Seaman is insolvent, and Howard died March 6, 1899. The bank applied to the corporation to be allowed to examine its books to ascertain, among…