Bank of Louisiana v. Fowler

The bank sues on a note drawn by the defendant, for thirty-six thousand dollars, secured by a pledge of four hundred and fifty shares of stock, due on the 6th day of July, 1837. The defendant admits the execution of the note, but pleads, in reconvention, that at the maturity oí the note, and for a long time before, he had, on deposit in the bank, a large sum of money, which, with interest then due, according to law and the charter of the bank, amounted to more than sufficient to pay the note, and which the bank refused to accept in discharge thereof; and that, having for a long period…