Wylie v. Northampton Bank - 119 U.S. 361 (1886)
U.S. Supreme Court
Wylie v. Northampton Bank, 119 U.S. 361 (1886)
Wylie v. Northampton Bank
Argued November 23, 1886
Decided December 13, 1886
119 U.S. 361
The robbery by burglars of securities deposited for safekeeping in the vaults of a bank is no proof of negligence on the part of the bank.
It is competent for a national bank to take steps for the recovery of its property stolen by burglars, and to agree to take like steps for the recovery of the property of others deposited with it for safekeeping and stolen at the same time, and want of proper diligence, skill, and care in performing such an undertaking is ground of liability to respond in damages for failure, but the evidence in this case failed to establish either such an agreement or the want of diligence and care, and the jury was properly instructed to return a verdict for defendant.
This was an action against a national bank to recover the value of certain securities deposited in its vaults and stolen therefrom by burglars. The case is stated in the opinion of the Court.