Summary

Portrait of Henry Billings Brown Henry Billings Brown Cochran v. United States (157 U.S. 286…

As the language of section 5209 applies not only to the president and cashier, but to any director, teller, or agent of any such association, Sayre, as assistant cashier, certainly fell within the category of clerk or agent. If he made a false entry in a report required by section 5211, it made no difference whether the report was subsequently verified by him, or by the president or cashier in person. There is no penalty affixed by section 5211 to the false verification of the president or cashier. The offense is in making the false entry with intent to injure or defraud the association.
Source: Wikisource

Portrait of Henry Billings Brown Henry Billings Brown Cochran v. United States (157 U.S. 286…

The guaranty, which was indorsed upon the back, was as follows: 'For value received, we hereby guaranty payment of the within note at maturity, or at any time thereafter, with interest at the rate of six per cent. per annum until paid, waiving demand of notice of nonpayment or protest. W. H. Cochran, President.'
The indictment therefore raises the question whether an unmatured note, the payment of which at maturity is guarantied by the bank, is such a liability as is required by law to be shown in the report to the comptroller of the currency.
Source: Wikisource

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