President of the Bank of the Metropolis v. President of the New England Bank
Supreme Court of the United States
This case was brought up by writ of' error from' the Circuit Court for the District of Columbia'. At the trial in the Circuit Court, it appeared upon the evidence that the Bank of the Metropolis, one of the banking institutions of the District of Columbia, had been for- a long time in the habit' of dealing and corresponding with the Commonwealth Bank of Massachusetts.
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This case was brought up by writ of' error from' the Circuit Court for the District of Columbia'. At the trial in the Circuit Court, it appeared upon the evidence that the Bank of the Metropolis, one of the banking institutions of the District of Columbia, had been for- a long time in the habit' of dealing and corresponding with the Commonwealth Bank of Massachusetts. They mutually remitted for collection such promissory notes or bills of exchange as either might have, which ' were payable in the vicinity of its correspondent, which, when paid, were credited to the party who sent them, in-the…
1Opinion of the CourtChief Justice Taney
If this were a question between the-two Bostort banks, .and the cáse depended upon their respective rights, the plaintiff in the court below would, undoubtedly, have been entitled to recover.; for it is admitted, that although the notes and bills were endorsed to the Commonwealth Bank by the cashier of the New England Bank, vet no consideration was given for them; nor. any advances oí rao'nev made upon them; and they were placed in the hands of the first-mentioned bank as the agent of the other, merely for the purpose of collection. The question, howevér, is a different one between- the…
2Cited by74 opinions
- Reynes v. DumontSupreme Court of the United States · 1889
- Fulton National Bank of Atlanta v. HozierSupreme Court of the United States · 1925
- Dakin v. BaylySupreme Court of the United States · 1933
- Hoover v. WiseSupreme Court of the United States · 1876
- Kane v. First Nat. Bank of El Paso, Tex.Court of Appeals for the Fifth Circuit · 1932
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