Ætna Insurance v. Alton City Bank
Illinois Supreme Court
This was an action on the case upon promises, instituted in the Alton City Court. There are three counts in the declaration, all setting out substantially the same state of facts.
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This was an action on the case upon promises, instituted in the Alton City Court. There are three counts in the declaration, all setting out substantially the same state of facts. They aver, that on the 15th day of April, A. D. 1858, at Omaha City, in the Territory of Nebraska, one William Young Brown drew his certain bill of exchange of that date, upon the Citizens’ Savings Institution of the city of St. Louis, and State of Missouri, for the sum of five hundred and fifty dollars, payable ten days after sight, to the order of one Lyman Richardson. That before said bill became due and payable,…
1Opinion of the CourtWalker, J.
In this case it is agreed,that defendant received the bill in controversy, for collection in the usual and regular course of banking business. It is further agreed, that when a bank so receives a bill or note, on a drawee or maker residing at a place different from that of the bank, it is usual and customary for the bank to transmit the same, to a responsible correspondent, at the place of the residence of the drawee or maker, for collection. That in this case, the defendant did so transmit it to their correspondents, who were responsible bankers at the residence of the drawees. That they…
2Cases cited4 opinions
- Allen v. Merchant's BankCourt for the Trial of Impeachments and Correction of Errors · 1839
- Lawrence v. Stonington BankSupreme Court of Connecticut · 1827
- Mechanics Bank v. EarpSupreme Court of Pennsylvania · 1834
- S. & M. Allen v. Merchants BankNew York Supreme Court · 1836
3Cited by16 opinions
- Exchange Nat. Bank of Pittsburgh v. Third Nat. Bank of NYSupreme Court of the United States · 1884
- Daly v. Butchers' & Drovers' BankSupreme Court of Missouri · 1874
- Guelich v. National State BankSupreme Court of Iowa · 1881
- Dyas v. HansonMissouri Court of Appeals · 1883
- Wilson v. Carlinville National BankIllinois Supreme Court · 1900
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