United States Trust Co. v. Brady
New York Supreme Court
rpiIE nature of this action, and the defense thereto, appear JL concisely from the opinion of the court. The action was tried before his honor, Justice Clerke, without a jury, at the city hall in the city of New York, on the 16th of March, 1855, and a judgment rendered pro forma for the plaintiffs, for the amount claimed upon the note in suit, with interest,
1Opinion of the Court
By the Court, Mitchell, P. J.
The Knickerbocker Savings Institution, chartered by the act passed April 8, 1851, chapter 100, amended by chapter 257 of laws of 1853, while in existence, and in the course of its business, on the 7th of January, 1854, out of the moneys deposited with it, loaned to the defendant $700, taking from him as security for its repayment when required, an hypothecation of thirty-two shares of the capital stock of the Knickerbocker Bank, which stock was owned by the defendant, and was of the nominal value of $800, and also taking his note, promising to pay the $700 on…
2Cited by3 opinions
- Metropolitan Bank v. . Van DyckNew York Court of Appeals · 1863
- Littlewort v. DavisMississippi Supreme Court · 1874
- People ex rel. Phenix Fire Insurance v. GardinerNew York Supreme Court · 1867