U.S. Supreme Court
Casey v. National Bank, 96 U.S. 492 (1877)
Casey v. National Bank
96 U.S. 492
The ruling in Casey v. Cavaroc, supra, p. 96 U. S. 467, as to what constitutes a valid pledge of securities, so far as third persons are concerned, applied to this case.
This case arose upon a bill filed by Casey, receiver of the New Orleans National Banking Association, to recover certain notes and bills receivable claimed by the defendants, the National Park Bank of New York, and E. H. Reynes & Brother, to be held by way of pledge for certain advances made to the bank by the National Park Bank of New York. This circuit court dismissed the bill, and he appealed to this Court.