Manhattan Life Ins. v. Forty-Second St. & Grand St. Ferry R.
New York Supreme Court
Appeal from circuit court, New York county. Action by the Manhattan Life Insurance Company against the Forty-Sec- and Street & Grand Street Ferry Railroad Company to recover money loaned to one Eben S. Allen. From a judgment dismissing the complaint plaintiff appeals.
1Opinion of the CourtVan Brunt, P. J.
In September, 1888, one Eben S. Allen, at that tjme the president of the defendant, procured a loan of $6,500 from the plaintiff upon his own promissory note for that amount, and gave to the plaintiff, as collateral security for said note, an alleged certificate for 100 shares of the defendant’s capital stock, with an assignment of said stock to the plaintiff with full power to transfer the same. The note not having been paid, the plaintiff tendered the alleged certificate to the defendant, and demanded the transfer thereof to the plaintiff, which was refused on the ground that the…
2Cases cited2 opinions
- Bank of Batavia v. New York, Lake Erie & Western RailroadNew York Court of Appeals · 1887
- Fifth Avenue Bank v. Forty-Second Street & Grand Street Ferry RailroadNew York Supreme Court · 1892
3Cited by3 opinions
- Whitfield v. Nonpariel Consolidated Copper Co.Washington Supreme Court · 1912
- Bank of New York v. American Dock & Trust Co.New York Supreme Court · 1893
- Knox v. Eden Musee American Co.New York Supreme Court · 1893