MR. JUSTICE BRADLEY, after stating the case, delivered the opinion of the court.
It is obvious that this transaction is free from the objection which applied in the other cases which we have just considered. In this case, there was an actual delivery of the securities pledged, at the time of advancing the certificates given on the faith thereof, and a continued retention of possession of the pledge.
The only objection raised in the case which we deem it necessary...
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