Continental Nat. Bank v. Eliot Nat. Bank
U.S. Circuit Court for the District of Massachusetts
In Equity.
1Opinion of the CourtLowell, C. J.
B. B. Conant was the cashier of the Eliot National Bank, of Boston, and owned 158 shares of its capital stock. Each of his certificates contained these words: “Transferable only on the books of the bank by the said Conant, or his attorney, on the surrender of this certificate.” The Continental National Bank, of New York, was the regular correspondent of the Eliot Bank. In April and May, 1877, Conant borrowed $9,500 of the Continental Bank, in two sums of $5,000 and $4,500, and sent them as collateral security certificates for 95 shares of stock of the Eliot National Bank, with a powder of…
2Cases cited18 opinions
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3Cited by7 opinions
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