cashier

The cashier is usually intrusted with all the funds of the bank, in cash, notes, bills, &c. to be used, from time to time, for the ordinary and extraordinary exigencies of the bank... In short, he is considered the executive officer, through whom, and by whom, the whole moneyed operations of the bank in paying or receiving debts, or discharging or transferring securities, are to be conducted.

An officer of a moneyed Institution, or of a private person or firm, who is entitled by his office to take care of the cash or money of such institution, persons, or firm. In Military Law. To deprive a military officer of his office. See Articles of — ^Of a Bank. An executive of Bcer, by whom its debts are received and paid, and its securities taken and transferred, whose ordinary duties are to keep all the funds of the bank, its notes, bills and other choses in action, to be used from time to time for the ordinary and extraordinary exigencies of the bank, and usually receiving directbank, delivering up all discounted notes and other securities when they have been paid, drawing checks to withdraw the funds of the band when they have been deposited, and, as the executive officer of the bank, transacting most of its business. 22 111. App. 251.

An officer of a moneyed institution, or of a private person or firm, who is entitled by his office to take care of the cash or money of such institution, person, or firm. The cashier of a bank is usually intrusted with all the funds of the bank, its notes, bills, and other choses in action, to be used from time to time for the ordinary and extraordinary exigencies of the bank. He usually receives, directly, or through suborother securities; signs drafts on corresponding banks, and, with the president, the notes payable on demand issued by the bank; and, as an executive officer of the bank, transacts much of its general business. He is the chief executive officer of the bank; Morse, Bank. § 152; Minor v. Bank, 1 Pet. (U. S.) 46, 7 L. Ed. 47; Bissell v. Bank, 69 Pa. 415. He is the custodian of its money, securities, books, and valuable papers; Mason v. Moore, 73 Ohio St. 275, 76 X. B. 932, 4 L. R. A. (N. S.) 597, 4 Ann. Cas. -MO. He may borrow money for the use of the bank and pledge notes owned by it as security for the loan; Citizens' Bank v. Bank, 126 Ky. 169, 103 S. W. 219, 11 L. R. A. (N. S.) 598, 128 Am. St. Rep. 282. He may certify clicks: Merchants' Nat Bank v. Bank, 10 Wall. (I'. S.) 604, 19 L. Ed. 1008. He will bind the bank by his contract to pay commissions for the disposal of its land through a broker, but which, through a mistake in identity, the bank does not own; Arnold v. Bank, 126 Wis. 362, 105 N. \V. S28, 3 L. R. A. (N. S.) 580. He need not be a stockholder; indeed, some bank charters prohibit him from owning stock in the bank. He usually gives security for the faithful discharge of his trusts. It is his duty to make reports to the proper state officer (in banks incorporated under the national bank act to the comptroller of the currency; U. S. R. S. § 5210) of the condition of the bank, as provided by law. In general, the bank is bound by the acts of the cashier within the scope of his authority, express or implied; Minor v. Bank, 1 Pet. (U. S.) 46, 70, 7 L. Ed. 47; Fleckner v. Bank, 8 Wheat. (U. S.) 361, 5 L. Ed. 631; Merchants' Nat. Bank v. Bank, 10 Wall. (U. S.) 604, 19 L. Ed. 1008; Wild v. Bank, 3 Mas. 505, Fed. Cas. No. 17,646; Matthews v. Nat. Bank, 1 Holmes 396, Fed. Cas. Xo. 9,2S6; Pendleton v. Bank, 1 T. B. Monr. (Ky.) 179; Davenport v. Stone, 104 Mich. 521, 62 N. W. 722, 53 Am. St. Rep. 467. It is bound by his act in drawing checks in its name, though with the intent to apply the proceeds to his own use; Phillips v. Bank, 67 Hun (N. Y.) 378, 22 N. Y. Supp. 254; Lowndes v. Bank, 82 Conn. 8, 72 Atl. 150, 22 L. R. A. (N. S.) 408. He may endorse to himself and sue on a note payable to the bank; Young v. Hudson, 99 Mo. 102, 12 S. W. 632. But the bank is not bound by a declaration of the cashier not within the scope of his authority; as if, when a note is about to be discounted by the bank, he tells a person that he will incur no responsibility by becoming an indorser on such note; Bank of U. S. v. Dunn, 6 Pet. (U. S.) 51, 8 L. Ed. 316; see West St. Louis Sav. Bank v. Bank, 95 U. S. 557, 24 L. Ed. 490; President, etc., wood, 8 N. J. L. 1; Bank of Kentucky v. Bank, 1 Pars. Eq. Cas. (Pa.) 240. He has no authority to accept eertifi<-,u<s of the capital stock of an insurance company in payment of a debt due the bank; Bank of Commerce v. Bart,:;7 Neb. lit:, r,r, \. w. 631, 20 L. R A. 780, 40 Am. St. Rep. 479. Be may Dot accept a new note, so as to discharge a surety on the first note; Gray v. Bank, 81 Md. 631, 32 Atl. 518. He may not give away, surrender, or release the bank's securl 1 Dan. Neg. Inst § 395; Morse, Bunks & Bankg. § 169. Where a cashier does acts on behalf of a bank which are not against public policy or criminal, when once executed in whole or part, they are binding on the bank, as it cannot enjoy the benefits and escape the liabilities; Owens v. Stapp, 32 111. App. 653; a cashier of a bank has authority to have the paper of the bank rediscounted, in the usual course of business; Davenport v. Stone, 104 Mich. 521, 02 X. W. 722, 53 Am. St Rep. 467. Merely by virtue of his office, he has no implied power to receive money for interest in advance on a note owned by the bank, and to agree to extend the time of payment, thus discharging an indorser from liability; Bank of Ravenswood v. Wetzel, 58 W. Ya. 1, 50 S. E. SS6, 70 L. R. A. 305, 6 Ann. Cas. 48; Vanderford v. Bank, 105.Md. 164, 66 Atl. 47, 10 L. R. A. (X. S.) 129 (a case under the negotiable instrument law). When the cashier of a bank instituted an action in the name of the bank commenced by capias issued on his affidavit, alleging his connection with the bank, it will be presumed that he has authority to do so; Wactamuth v. Bank, 96 Mich. 426, 56 X. W. 9. 21 L. R. A. 27S. A banking corporation, whose charter does not otherwise provide, may be represented by its cashier in transactions outside of his ordinary duties, without his authority to do so being in writing, or appearing in the records of the proceedings of the directors, and where the cashier has so acted for a series of years without objection, the bank is estopped to deny his authority; Martin v. Webb, 110 U. b. 7, 3 Sup. Ct. 42S, 28 L. Ed. 49. The mere notification by the cashier to his individual creditor that he has placed the amount of the debt to the hitter's credit on the books of the bank, followed by the honoring of his check for a portion of the amount, does not charge the bank with responsibility for the credit; Langlois v. Gragnon, 123 La. 453, 49 South. IS, 22 L. R. A. (N. S.) 414. He has no authority to bind the bank by a pledge of its credit to secure a discount of his own notes for the benefit of a corporation in which he was a stockholder; State Nat. Bank v. Bank, 66 Fed. 691, 14 C. C..son, 52 Kan. 109, 34 Pac. 403; nor has he power to bind the bank to pay the draft of a third person on one of its customers, to be drawn at a future day, when it expects to have a deposit from him sufficient to cover it; Flannagan v. Bank, 56 Fed. 950, 23

v. In mllitary law. To deprive a military officer of his rank and office.

n. An officer of a moneyed institution, or commercial house, or bank, who is intrusted with, and whose duty it is to take care of, the cash or money of such institution or bank. 4 The cashier of a bank is the executive officer, through whom the whole financial operations of the bank are conducted. He ree ceives and pays out its moneys, collects and psys its debts, and receives and transfers its commercial securities. Tellers and other subordinate officers may be appointed, but they are under his direction, and are, as it directors may limit his authority as they deem proper, bat this would not affect those tu whoro the limitation was unknown. 10 Wall, 650.

punishment. To; to deprive a military man of office: example, every officer shall be convicted before a gencourt martial, of having signed false certificate relating to the abof either officer or ‘private solor relative to his daily pay, shall cashiered. Articles of war, art.