CASHIER. An officer of a moneyed in stitution, 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.
2. The cashier of a bank is usually in trusted with all the funds of the bank, its notes, bills, and other chutes in action, to be Used from time to time for the ordinary and extra ordinary exigencies of the bank. He usually receives, directly, or through subordinate offi-1 cers, all moneys and notes of the bank ; delivers up all discounted notes and other se curities ; signs drafts on corresponding banks, and, with the president, the notes payable on demand issued by the hank; and, as an ex ecutive officer of the bank, transacts much of its general business. He need not be a stock holder: indeed, some bank charters prohibit him from owning stock in the bank. He always gives security for the faithful dis m of his trusts. It is his duty to make reports to the proper state officer of the con dition of the bank, as provided by law ; and false statements are punished, and render the Cashier liable for any damage resulting to third parties therefrom. tank Mag. July, 1860.
3. in general, the bank is bound by the acts of the cashier within the scope of 'his au thority, express or implied. 1 Pet. 46, 70; 8 Wheat. 300, 361; 5 id. 326; 3 Mas. C. C. 505; 1 Ill. 45; 1 T. B. Moor. Ky. 179. 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 risk nor responsibility by becoming an in dorser on such note. 6 Pet. 51 ; 8 id. 12. See 17 Mass. 1; Story, Ag. a 114, 175; 3 Halst. N. J. 1; 12 Wheat. 183 ; 1 Watts & S. Penn. 161.
In Military Law. To deprive a military officer of his office. See Art. of War, art. 14.