McCaddon v. . Central Trust Company of New York

Appeal from a judgment of the Appellate Division of the Supreme Court in the first judicial department, entered April 29, 1918, affirming a judgment entered upon a decision of the court on trial at Special Term. The Mexican National Packing Company executed to defendant trust company its corporate mortgage and issued temporary bonds, 1 for $100,000 and 2,900 for $1,000 each. Thereafter the mortgagor sent the trustee 2,900 permanent bonds each for $1,000, with instructions to authenticate the same and exchange them for the 2,900 $1,000 bonds outstanding. The said permanent bonds were indorsed…