Supreme Court of Pennsylvania, 1900

Gibson v. Erie

Gibson v. Erie
Supreme Court of Pennsylvania · Decided May 7, 1900 · Brown, Fell, Green, Mestrezat, Mitchell
196 Pa. 7; 46 A. 102; 1900 Pa. LEXIS 461

Gibson v. Erie

Opinion of the Court

Per Curiam,

Beyond all question the plaintiff never lost the ownership of her bonds by leaving them as a special deposit with the Keystone National Bank. The fact that the bank collected her coupons and sent her the proceeds did not in the least impair her own title to the bonds. The bank was the agent of the city for the purpose of paying the interest, and was also its agent for the payment of the principal to the extent of $40,000 when that amount was deposited by the city for that purpose. The plaintiff has the bonds and is entitled to have the money for them from the city.

Judgment affirmed.

Case-law data current through December 31, 2025. Source: CourtListener bulk data.