Goldsmid v. Lewis County Bank
New York Supreme Court
John W. Martin, on the 2d day of August, 1845, drew a bill of exchange on Andrew W. Doig, for §1500, payable to the order of William H. Angel, who was then the cashier of the Watertown Bank, and he indorsed it, as he testified, not to become a party to the bill, and it was discounted by the Water-town Bank.
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John W. Martin, on the 2d day of August, 1845, drew a bill of exchange on Andrew W. Doig, for §1500, payable to the order of William H. Angel, who was then the cashier of the Watertown Bank, and he indorsed it, as he testified, not to become a party to the bill, and it was discounted by the Water-town Bank. On the 19th of August, 1845, the Lewis County Bank, apprehending a call for more specie than it had in its vaults, applied by its agent, David M. Bennett, to William H. Angel for assistance, and they went to Mr. Davenport’s, who with the said Bennett had been appointed a committee to…
1Opinion of the Court
By the Court,
Cady, J.
The only question seems to be, whether the unauthorized and fraudulent directions written by John W. Martin, and delivered to William H. Angel with the *410money of the defendants, authorized the Bank of Watertown to retain the money, or in other words, did the bills become the property of the Watertown Bank ?
[Saratoga General Term, January 5, 1852.
The counsel for the plaintiff has referred to cases for the purpose of showing that “if negotiable paper be stolen, and is received from the thief, in good faith and for value, the holder gets title, and will be protected.” Cases…
2Cited by3 opinions
- Hall v. WilsonNew York Supreme Court · 1853
- Clarke National Bank v. Bank of AlbionNew York Supreme Court · 1868
- Smith v. JansenNebraska Supreme Court · 1881