State Bank v. Coquillard

Bill in chancery. In the Court below, Coquillard was the complainant and the state bank and one Horatio Chapin, the cashier of its branch at South-Bend, defendants. The material facts are these:

Coquillard, on the 30th of September, 1839, was a director in that branch, and also a member of its finance committee, whose duty it was to purchase bills of exchange and promissory notes. On that day, the branch, through said committee, bought four drafts of 2,500 dollars each, dated August 22, 1839, drawn by the Farmers' Bank of Seneca County, in the state of New-York, payable at four months at the…