Armington's v. Gas Light & Banking Co.
Supreme Court of Louisiana
APPEAL PROM THE COURT OP THE FIRST JUDICIAL DISTRICT. This is an action against the Gas Bank, to render it liable for failing and neglecting to have a certain bill of exchange, deposited with them for collection, presented to the acceptor for payment at maturity, and in not giving the proper or necessary notice to secure the liability of the parties to it.
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APPEAL PROM THE COURT OP THE FIRST JUDICIAL DISTRICT. This is an action against the Gas Bank, to render it liable for failing and neglecting to have a certain bill of exchange, deposited with them for collection, presented to the acceptor for payment at maturity, and in not giving the proper or necessary notice to secure the liability of the parties to it. It appears that one William Cowell, on the 10th December, 1836, drew his bill for five hundred dollars, in favor of Harper, Carpenter & Co., on A. Tunstall, at Grand Gulf in Mississippi, payable four months after date. It had been accepted,…
1Opinion of the CourtSimon, J.
This is an action instituted against the New-Orleans Gas Light and Banking Company, to recover from this corporation, the amount of a bill of exchange deposited for collection by plaintiff’s agent. It is alleged in the petition, that the defendants failed to demand payment of the bill, did not use the ordinary diligence to obtain the money from the acceptor or maker of the bill, or to secure their liability ; and did not even give to the other parties such notice as might have given them an opportunity to obtain security from those to whom they were entitled to look for payment.
It is admitted…
2Cited by2 opinions
- Blanc v. Mutual National Bank of New OrleansSupreme Court of Louisiana · 1876
- Eichelberger v. PikeSupreme Court of Louisiana · 1870