Bank of Genesee v. Patchin Bank
New York Court of Appeals
Appeal from the Supreme Court. Action against the defendant as indorser of a bill of exchange. On the trial, at the Genesee Circuit, before Mr. Justice Greene, it was proved that A. D. Patchin was the president and S. B. Stokes the cashier of the Patchin Bank of Buffalo; that it had but two stockholders and no board of directors, but was managed and directed by Patchin, who owned nine-tenths of the stock. • Patchin was also the president and R. Pomeroy the treasurer of the…
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Appeal from the Supreme Court. Action against the defendant as indorser of a bill of exchange. On the trial, at the Genesee Circuit, before Mr. Justice Greene, it was proved that A. D. Patchin was the president and S. B. Stokes the cashier of the Patchin Bank of Buffalo; that it had but two stockholders and no board of directors, but was managed and directed by Patchin, who owned nine-tenths of the stock. • Patchin was also the president and R. Pomeroy the treasurer of the Buffalo and New York City Railroad. The bank had on hand a printed bill of exchange signed in blank by Thomas B. Parsons,…
1Opinion of the CourtH. Gray, J.
That the defendant had the right to procure its paper to be rediscounted for the use of the bank is well *315settled, and is not now questioned "by the defendant’s counsel. (Marvine v. Hymers, 2 Kern., 223; Planters' Bank v. Sharp, 6 How. U. S. R., 301.) But the question presented is, whether the indorsement by Stokes, the defendant’s cashier, in the manner in which it was made, is to be regarded as the personal indorsement of Stokes, or an indorsement in his official capacity, so as to hind the bank of which he was cashier. As a general proposition, it is undoubtedly true, that one who signs a…
2Cases cited12 opinions
- Fleckner v. President of the Bank of the United StatesSupreme Court of the United States · 1823
- Farmers & Mechanics' Bank v. Butchers & Drovers' BankNew York Court of Appeals · 1857
- Dubois v. Delaware & Hudson Canal Co.New York Supreme Court · 1830
- Story v. ElliotCourt for the Trial of Impeachments and Correction of Errors · 1827
- Randall v. Van VechtenNew York Supreme Court · 1821
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