Yeatman v. Savings Institution
Supreme Court of the United States
Error to the Circuit Court of the United State 3 for the District of' Louisiana. On the 22d of July, 1871, O’Fallon & Hatch, a firm doing business at St. Louis, delivered, in pledge, to the New Orleans Savings Institution, a corporation created by the laws of Louisiana, having its plaee of business in New Orleans, two certificates of indebtedness issued by that .State, each for the sum of $5,000, to secure the payment of a promissory note of the firm for $5,000,. dated July…
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Error to the Circuit Court of the United State 3 for the District of' Louisiana. On the 22d of July, 1871, O’Fallon & Hatch, a firm doing business at St. Louis, delivered, in pledge, to the New Orleans Savings Institution, a corporation created by the laws of Louisiana, having its plaee of business in New Orleans, two certificates of indebtedness issued by that .State, each for the sum of $5,000, to secure the payment of a promissory note of the firm for $5,000,. dated July 21, 1871, -made payable to its own order on the 21st of January, 1872, and by it indorsed in blank. It is conceded that…
1Opinion of the CourtJustice Harlan
delivered the opinion of the court. •
Counsel for the- plaintiff in error has raised numerous questions for our consideration, which, under the view we take of the case, it is not necessary to determine. The sole question which, under the- pleadings, it -seems essential to decide, is, whether the savings institution, by its refusal to surrender the certificates, can be held to have converted them to its own use.
We are of opinion that this question must receive a negative answer. The sayings institution, by virtue of the pledge, acquired a special property in the certificates, and, until the'…
2Cases cited4 opinions
- Mitchell v. WinslowU.S. Circuit Court for the District of Maine · 1843
- Donaldson, Assignee v. FarwellSupreme Court of the United States · 1877
- Gibson v. WardenSupreme Court of the United States · 1872
- Winsor v. McLellanU.S. Circuit Court for the District of Massachusetts · 1843
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- Stewart v. PlattSupreme Court of the United States · 1879
- Hauselt v. HarrisonSupreme Court of the United States · 1882
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