Manufacturers' National Bank v. Thompson

This action is against the indorsers of a promissory note, which was made payable at the plaintiff bank, and which was discounted by the' Faneuil Hall Bank. When it became due, the last-named bank charged it to the plaintiff bank, and sent it through the clearing-house for payment. The plaintiff’s teller, by mistake, thinking that the makers were in funds at his bank, stamped the word “ paid ” on the face of the note. The mistake was soon discovered, and, before the close of banking hours on the same day, both the other bank and the indorsers were notified of it, and the note was duly…