Meisel v. Merchants National Bank

The opinion of the court was delivered by

Trenchard, J.

The plaintiff’s assignor, one Benjamin Buchhinder, borrowed $300 from the Merchants National Bank of Newark, for which he executed the following instrument :

“$300.00. Newark, N. J., 23rd March, 1911.

“Three months after date, I promise to pay to The Merchants National Bank of Newark, or order, at the banking *254house of said bank, three hundred 00/100 dollars, for value received, having deposited with said bank as collateral security, five shares American National Bk. No. 124, which I hereby authorize said bank or its president or cashier to…