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Copyright, 1879, 1888, 1903,
BY JOHN T. MORSE, JR.

Printers

8. J. PARKHILL & Co., BOSTON, U. S. A.

PREFACE.

IN preparing this edition, the former one has been carefully revised throughout, and about 1,800 new cases have been added. A brief statement of fact, decision, and reason being made in each case where additional light or valuable illustration could be secured by so doing. The new cases cluster most thickly in the chapters relating to checks, insolvency, cashier, directors, collection, payment of deposit, lien and set-off, stocks and stockholders, title to deposit by gift, etc. The banking laws of the United States since 1887 up to and including that of 1902 have been inserted. References to the Public Statutes of Massachusetts have been revised so as to refer to the Revised Laws. References to "Conflict of Laws" have been reinforced by references to and citations from Minor's treatise on that subject. The parallel citations of cases in the National Reporter System have been added to the ordinary methods of citation.

This work is constantly cited by the courts as the leading authority on the law of banks and banking. Many cases specifically approve and reaffirm the rules and principles cited from the text, and in only one case that has come under our observation did the court reject the rule stated in our text.

The editor wishes to acknowledge the valuable assistance rendered in the preparation of this edition by A. C. Webber and W. H. Buchanan, both members of the Boston Bar and graduates of the Boston University Law School. Under the

editor's supervision, Mr. Webber assisted largely in the digesting and distributing of cases, and Mr. Buchanan has condensed and inserted the new matter in its proper place, and has taken charge of putting the book through the press. The editor examined the cases for the most part in person, and has carefully revised and corrected the work delegated to his assistants, which was so well done that few changes were found necessary, and some of these related to matters about which individual judgments might reasonably differ. FRANK PARSONS.

JANUARY, 1903.

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