Pierce v. State National Bank

This is a suit in equity * to collect the amount of a certificate of deposit issued in 1859, on which a demand for payment was made thirty-six years later (to wit, on November 27, 1895), but not before, and where the suit to collect was begun forty-seven years later (March 7, 1906). The present suit had its origin in a writ dated March 7, 1906, which by leave of court was amended into this bill in equity. It is based on the claim that the State bank which issued the certificate (by name the Hide and Leather Bank) was reorganized under the same name as a United States bank (and so liable for…