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" Money, when paid into a bank, ceases altogether to be the money of the principal; it is then the money of the banker, who is bound to return an equivalent by paying a similar sum to that deposited with him when he is asked for it. "
The Theory and Practice of Banking - Page 269
de Henry Dunning Macleod - 1875
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International Commercial Law: Being the Principles of Mercantile ..., Volume 1

Leone Levi - 1863 - 570 pages
...banker, with which the banker may do what he pleases, the only obligation which he contracts being to return an equivalent, by paying a similar sum to...that deposited with him, when he is asked for it. Such relation does not partake of a fiduciary character, nor bear analogy to the relation between principal...
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Reports of Cases Heard and Determined by the Judicial Committee ..., Volume 6

Great Britain. Privy Council. Judicial Committee, Edmund F. Moore - 1864 - 596 pages
...circumstances, could be considered and dealt with as a Trustee ; Lord Cottenham says, at page 36: " Money, when paid into a Bank, ceases altogether to be the money of the Principal (b) ; it is then the money of the Banker, who is bound to return an equivalent by paying a similar...
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Reports of Cases Argued and Determined in the Superior Court of the City of ...

Anthony L. Robertson - 1868 - 780 pages
...would make no difference, in respect to the ownership of the money, or the right to sue for it. " Money paid into a bank ceases altogether to be the money of the party paying it in ; it is the money of the banker, who is bound to return an equivalent by paying...
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The House of Lords Cases on Appeals and Writs of Error, Claims of ..., Volume 2

Great Britain. Parliament. House of Lords, Charles Clark, William Finnelly - 1870 - 718 pages
...the authorities, which have been quoted, and to the nature of the connection between the parties.1 Money, when paid into a bank, ceases altogether to be the money of the principal ; a it is then the money of the banker, who is bound to return an equivalent by paying a similar sum...
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Beeton's Dictionary of commerce [ed. by R.M. Smith].

Samuel Orchart Beeton - 1873 - 304 pages
...simply that of debtor and creditor. When money is paid into the banker's hands it becomes his, and he " is bound to return an equivalent by paying a similar sum to that deposited with him, wnen he is asked for it." If, however, he is asked to invest money or apply it to some specific purpose,...
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Beeton's Counting house book

Samuel Orchart Beeton - 1875 - 648 pages
...simply that of debtor and creditor. When money is paid into the banker's hands i becomes his, and he " is bound to return an equivalent by paying a similar...that deposited with him, when he is asked for it." If, lowever, he is asked to invest money or apply t to some specific purpose, and he undertakes to...
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Cases Argued and Determined in the Circuit and District Courts of ..., Volume 5

United States. Circuit Court (7th Circuit), Josiah Hooker Bissell - 1876 - 590 pages
...principal and agent or factor, and does not partake of a fiduciary character. It is there said, that " money, when paid into a bank, ceases altogether to...that deposited with him, when he is asked for it. * * * He is guilty of no breach of trust in employing it; * * * he is not bound to keep it or deal...
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The Elements of Economics, Volume 1

Henry Dunning Macleod - 1881 - 450 pages
...Cottenham — ' Money when paid into a bank ceases altogether to be the money of the principal : it is the money of the banker, who is bound to return an...similar sum to that deposited with him, when he is called for it. The money paid into the banker's is money known by the principal to be placed there...
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The Elements of Economics, Volume 1

Henry Dunning Macleod - 1881 - 452 pages
...relation between banker and customer that we may quote the words of Lord Chancellor Cottenham — ' Money when paid into a bank ceases altogether to be the money of the principal : it is the money of the banker, who is bound to return an equivalent by paying a similar sum to that deposited...
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A Treatise on the Law of Contracts, Volume 2

Charles Greenstreet Addison - 1881 - 800 pages
...the banker is to have the use of the money in return for his consent to take charge of it. (/z) ' " Money, when paid into a bank, ceases altogether to be the money of the depositor ; it is then the money of the banker, who is bound to return an equivalent by paying a (g)...
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