White v. Vermont & Massachusetts Railroad Company - 62 U.S. 575 (1858)
U.S. Supreme Court
White v. Vermont & Massachusetts Railroad Company, 62 U.S. 21 How. 575 575 (1858)
White v. Vermont & Massachusetts Railroad Company
62 U.S. (21 How.) 575
Bonds issued by a railroad company in Massachusetts, payable in blank, no payee being inserted, and issued to a citizen of Massachusetts, which had passed through several intervening holders, could be filled up by a citizen of New Hampshire, payable to himself or order, and then suit could be maintained upon them in the Circuit Court of the United States for Massachusetts.
The eleventh section of the Judiciary Act does not apply to such a case.
The usage and practice of railroad companies, and of the capitalists and businessmen of the country, and decisions of courts, have made this class of securities negotiable instruments.
The later English authorities upon this point overruled.
The facts are stated in the opinion of the Court.