Edward Douglass White, Hanover National Bank of the State of New York v…
“ The decision just announced in case No. 12 establishes the want of equity in the bill. The mere possession of the notes by the Hanover bank after its refusal to discount them did not justify that bank in relying upon the notes as collateral security for the indebtedness which arose from the voluntary payment of the draft drawn by the Abilene bank upon the Hanover bank, when there were no funds in the latter bank to meet the draft. ”
