Second National Bank vs. R. Hemingray

[Trade Journal]

Publication: The Cincinnati Superior Court Reporter

Cincinnati, OH, United States
vol. 1, p. 1,435-443, 577,610, col. 1


CINCINNATI

 

SUPERIOR COURT

 

Reporter.

 


GENERAL TERM

OCTOBER, 1870


OCTOBER TERM, 1871.


Second National Bank of Cincinnati v. Hemingray et al.


 

THE SECOND NATIONAL BANK OF CINCINNATI v. R. HEMINGRAY ET AL.

 

Homans & Co., bankers, of Cincinnati, held several notes of R. Hemingray made in Kentucky, and R. Hemingray & Co., of which R. Hemingray was the principal partner, kept their bank account with Homans & Co. By mutual arrangement of the members of the firm, R. Hemingray did his individual banking business in the name of R. Hemingray & Co., and kept no bank account in his individual name. Homans & Co., while in good credit, without the knowledge of Hemingray, or Hemingray & Co., transferred, by indorsement, his notes to the plaintiff as collateral security for a loan of money, and afterward became insolvent before Hemingray was notified of the transfer. Hemingray & Co. had on deposit with Homans & Co. $10,000,