Colton v. Oakland Bank of Savings

This is an action by the assignee of A. W. Bowman, an insolvent debtor, to recover $20,000, the alleged value of one hundred and twenty shares'of the capital stock of The Bank of California. The nature of the controversy will be sufficiently disclosed by a brief statement of some of the leading facts:—

On the 15th of November, 1881, N. J. Brittan was the owner of the stock in question, which stood in his name on the books of the corporation,, and was evidenced by certificate No. 17. On that day he indorsed the certificate in blank and delivered it to Bowman as a pledge to secure advances which…