
53 U.S. 165 (1851)
12 How. 165
THE GRAND GULF RAILROAD AND BANKING COMPANY, AND ALFRED INGRAHAM AND GEORGE READ, ASSIGNEES OF SAID COMPANY, INTERVENORS, PLAINTIFFS IN ERROR,
v.
JOHN R. MARSHALL.
Supreme Court of United States.

*166 It was argued by Mr. Strawbridge for the plaintiffs in error.
Mr. Chief Justice TANEY delivered the opinion of the court.
This is a writ of error to the Supreme Court of the State of Louisiana.
The Grand Gulf Railroad and Banking Company was chartered by the State of Mississippi in the year 1833. In 1840 an act was passed by the Legislature of that State declaring that it should not be lawful for any bank in Mississippi to transfer by indorsement or otherwise any note, bill receivable, or other debt. And in 1842, after the passage of thisact, the bank having become insolvent and its notes greatly depreciated, assigned and transferred all of its notes, bills receivable, and other assets of any value to John Lindsey and Alfred Ingraham, in trust for the payment of its debts, in the order specified in the deed.
Some of the debtors of the bank, whose notes and mortgages were included in this transfer, resided in the State of Louisiana. And in 1843 John R. Marshall, the defendant in error, being the holder of the notes of the bank payable to bearer to the amount of $5,400, obtained an attachment from one of the district courts of Louisiana against the property and credits of the bank, and laid it in the hands of these debtors as garnishees. The bank appeared