Things IL, Philadelphia {.
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rHlL ,pELPHI. Jan. 23-f. Nj
An IMPORTANT Casa case OF considerable
Importance was decided Yesterday afternoon in the
Supreme Court before Chief Justice Gibson and AS
sssn,s, in which Judgment OF the District Court
was reversed. The parlie. interested were Robert
Paterson & Co. merchants OF this city, and John j.
Poindexter, OF Mississippi. The point decided by
The Court was, that the endorsement OF a ceruhca'e
ct deposit in Bank is merely an assignment OF tIie
same, and does no, make the endorSer liable Tor me
amount to tie holder in the principal Should
ia 10 pay, or in other words, that such az instrn
ment is no, negotiable like promssory note or 9ill
OF exchange but is ;uerely assignablS ike oonu OF
other written contract other than regular inefcai-
ole paper


The action rose upon the certificate OF the dc, de-
Posl'e in the Union Bank OF Mississippi, July sd'
ISS9 Of S3,69l IS, signed by the Assistant Cashlef m
o' Tue Bank, endorsed to Edmund lorke, by n r at
po pfson d Co. and by them endorsed TO Jonh >. =,
tfondexter, without recourse. The Umon BANK
,aed, and the only responsible party was Il. fa'.
@rson Il Co. and an action was accordingly brought
against the firm. The District Court gave Judg-
Aenl against the defendants. The case was then
carried up 10 the Supreme Court, and the Judgment
reversed as above stated