McCauley v. Georgia Railroad Bank

The plaintiff brings this action, as assignee of the National Shawmut Bank, a National bank having its place of business in Boston, Mass. The defendant is a State bank of the State of Georgia having its place of business in Augusta, Ga. The action is to recover damages for the negligence of defendant as agent for the Shawmut Bank in advancing money to Barrett & Co., Inc., a cotton factoring concern in Georgia, on the security of warehouse receipts for cotton. The right of the plaintiff assignee to maintain the action in the State of New York was upheld on a motion to vacate an attachment…