First National Bank v. Root

The First National Bank of Indianapolis Brought an actipn against Deloss and Jerome B. Root, composing the firm of D. Root & Co. From the averments in the complaint it appears that Deloss Root and D. Root & Co., being largely indebted to the bank, pledged, as collateral security, certain bonds and stocks, taking at the time as evidence of the terms upon which the pledge was made, a paper writing signed by the cashier of. the bank, of the tenor following:

“ Received of D. Root & Co. the following named stocks and bonds, which we are to hold as collateral security for any indebtedness which said…