Fountain v. First National Bank
Fountain v. First National Bank
Opinion of the Court
This suit was brought to recover the value of a government bond deposited by the plaintiff in the defendant’s bank and stolen therefrom by the bank’s cashier. The trial resulted in a verdict in favor of the plaintiff, and the defendant was thereupon allowed the present rule.
The facts disclosed by the proofs were as follows:
While the plaintiff, who was a captain in the army, was stationed at Camp Diz, in the years 1921 and 1922, he purchased this bond through the bank, paid part of the money down, and left the bond with the bank as security for the
The verdict of the jury in favor of the plaintiff carries with it, by necessary inference, a finding that the bond had been pledged as collateral to secure the payment of the second note, for the court in its charge instructed them that unless they so found their verdict must be for the defendant hank, and the first ground upon which a new trial is asked is that this finding was against the weight of the evidence. We think not. The jury considered that the testimony of the plaintiff was entitled to belief as against that of an admitted thief, and the fact that the books of the hank failed to disclose that a pledge of the bond had been made they very properly considered of little importance, in view of the fact that the entry was made by the man who afterwards stole the bond.
It is further contended that, even if it be concluded that the bond was pledged to secure this note, the plaintiff was not entitled to recover its value from the hank, for the reason that there was nothing in the evidence to justify a finding by the j ury that the hank was guilty of negligence in
The rule to show cause will be discharged.
Reference
- Full Case Name
- JOHN R. FOUNTAIN v. FIRST NATIONAL BANK OF WRIGHTSTOWN
- Cited By
- 1 case
- Status
- Published