Hathaway v. Fall River National Bank

The plaintiffs bring their bill to redeem certain shares of the capital stock of the Granite Mills, a corporation, which were pledged to the defendant by one Borden, who afterward assigned all his estate real and personal to the plaintiffs, as *15trustees, to convert it into money and distribute the net proceeds among his creditors. The defendant contends that it is entitled to hold the stock as collateral security, not only for the note with which it was pledged, but for the unpaid balance of other notes which it holds against Borden; or, to state the claim more exactly in the form which it…