Pierson v. Metropolitan Bank
Supreme Court of Louisiana
Appeal from Civil District Court, Parish of Orleans; John St. Paul, Judge. In the matter of the succession of John J. Gragard. Action by Edward Pierson, administrator, against the Metropolitan Bank. Judgment for plaintiff, and defendant appeals.
1Opinion of the CourtProvosty, J.
John J. Gragard, a commission merchant and cotton factor in the city of New Orleans, died insolvent. He had transferred to the defendant bank in pledge to secure a loan of money the warehouse receipts for certain bales of cotton which he held for account of his customers. -After his death the defendant induced the warehouse to deliver this cotton. The plaintiff administrator of the insolvent estate brought this suit to recover the cotton, or the value thereof, on the ground that the cotton had not been pledged to defendant; the supposed pledge by which defendant had obtained possession of it…
2Cases cited3 opinions
- Pierson v. Metropolitan BankSupreme Court of Louisiana · 1901
- Mutual National Bank v. KeenanSupreme Court of Louisiana · 1883
- Ward v. Agricultural BankSupreme Court of Louisiana · 1848
3Cited by2 opinions
- Succession of RomeroSupreme Court of Louisiana · 1915
- Pierson v. Canal BankSupreme Court of Louisiana · 1903