Citizens Central National Bank v. New Amsterdam National Bank
Appellate Division of the Supreme Court of the State of New York
Appeal by the defendant, The New Amsterdam National Bank of New York, from a final judgment of the Supreme Court in favor of the plaintiff, entered in the office of the clerk of the county of New York on the 15th day of April, 1908, upon the decision of the court rendered after a trial at the New York Trial Term, a jury havin'g been waived.
1Opinion of the Court
Clarke, J.:
Plaintiff and defendant are members of the New York Clearing House Association, .instituted to facilitate banking transactions in the city of New York. Its scheme of operation is clearly described in Mt. Morris Bank, v. Twenty-third Ward Bank (172 N. Y. 244), as follows: “ That association appears by its constitution to have adopted a very simple manner of settling the drafts, checks and other claims of its various members against the others. Each member, every morning, delivers to the clearing house the cheeks, drafts and notes it holds against the other banks and receives credit…
2Cases cited4 opinions
- Merchants' National Bank v. National Bank of the CommonwealthMassachusetts Supreme Judicial Court · 1885
- Merchants' National Bank v. National Eagle BankMassachusetts Supreme Judicial Court · 1869
- Mt. Morris Bank v. . Twenty-Third Ward BankNew York Court of Appeals · 1902
- Manufacturers' National Bank v. ThompsonMassachusetts Supreme Judicial Court · 1880
3Cited by5 opinions
- Columbia-Knickerbocker Trust Co. v. . MillerNew York Court of Appeals · 1915
- Hentz v. National City BankAppellate Division of the Supreme Court of the State of New York · 1913
- Bk. of Balto. v. Drovers', Etc., Bk.Court of Appeals of Maryland · 1923
- National Bank v. Drovers & Mechanics National BankCourt of Appeals of Maryland · 1923
- Corn Exchange Bank v. Fifth National BankCity of New York Municipal Court · 1924