Heymann v. Hamilton National Bank

The complainant Heymann, who resided in New York, sent to one Silverman, a stockbroker in Chattanooga, ninety shares of Dixie Portland Cement Company stock. This stock was sent to Silverman upon representations of the latter that he had found a purchaser for same at a price satisfactory to complainant, and, upon further representation or promise by Silverman, that he would immediately remit proceeds of the sale to the complainant.

*24Instead of selling said stock sent to him as above, Sil-verman pledged thirty-nine shares of it to the Hamilton National Bank, along with some other stock, as…