Central National Bank v. Pratt
Massachusetts Supreme Judicial Court
Contract by a national bank organized under the national banking acts of the United States, and having its place of business in the city of New York, against the indorser of a bill of exchange drawn by Joseph M. Strong of New- York upon Matt Ellis of Boston, payable to the order of the defendant, and by him indorsed to the plaintiff, and accepted by Ellis.
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Contract by a national bank organized under the national banking acts of the United States, and having its place of business in the city of New York, against the indorser of a bill of exchange drawn by Joseph M. Strong of New- York upon Matt Ellis of Boston, payable to the order of the defendant, and by him indorsed to the plaintiff, and accepted by Ellis. Trial in the Superior Court, before JDevens, J., who reserved the case for the consideration of this court on the following report: “ The bill of exchange was discounted by the plaintiff in New York on the day of its date, upon presentation…
1Opinion of the CourtMorton, J.
The thirtieth section of the act to provide a national currency is as follows: “ Every association may take, receive, reserve and charge on any loan or discount made, or upon any note, bill of exchange or other evidences of debt, interest at the rate allowed by the laws of the state or territory where the bank is located, and no more, except that where by the laws of any state a different rate is limited for banks of issue organized under state laws, the rate so limited shall be allowed for associations organized in any such state under this act. And when no rate is fixed by the laws of the…
2Cases cited2 opinions
- M'culloch v. State of MarylandSupreme Court of the United States · 1819
- First Nat. Bank of Whitehall v. . LambNew York Court of Appeals · 1872
3Cited by15 opinions
- Schlesinger v. . GilhoolyNew York Court of Appeals · 1907
- Edmund Wright Ginsberg Corp. v. C. D. Kepner Leather Co.Massachusetts Supreme Judicial Court · 1945
- ROCKLAND-ATLAS NATIONAL BANK v. MurphyMassachusetts Supreme Judicial Court · 1953
- Inhabitants of the County of Hampden v. MorrisMassachusetts Supreme Judicial Court · 1911
- First National Bank v. ChildsMassachusetts Supreme Judicial Court · 1882
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