Sadler's Appeal
Supreme Court of Pennsylvania
Appeal from the Court of Common Pleas of Cumberland county: Of May Term 1878, No. 190. Appeal of W. E. Sadler, receiver of the First National Bank of Carlisle, Pa., from the decree of the court confirming the report of the auditor, to whom was referred the account of Jesse Hettrick and Charles Hepburn, trustees.
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Appeal from the Court of Common Pleas of Cumberland county: Of May Term 1878, No. 190. Appeal of W. E. Sadler, receiver of the First National Bank of Carlisle, Pa., from the decree of the court confirming the report of the auditor, to whom was referred the account of Jesse Hettrick and Charles Hepburn, trustees. The First National Bank of Carlisle was a corporation chartered under the National Bank Act of February 25th 1863. Hon. Samuel Hepburn was president of the bank, and his son, C. H. Hepburn,'cashier. The capital stock was divided into five hundred shares. Of these, four hundred and…
1Opinion of the CourtJustice Woodward
Among the facts reported by the auditor it was found that “there is no reason to doubt that the First National Bank of “Carlisle, at the time when the mortgagor in the deed to Hettrick and Hepburn was the president, and C. II. Hepburn, one of the trustees, was the cashier, did receive the mortgage as a portion of their assets, and so entered it in their schedule of assets, and surrendered for it notes and bonds which had previously belonged to them.” The exact character of the notes and bonds surrendered was not described, either in the testimony or in the report. They amounted to $16,400,…
2Cases cited1 opinion
- Pierce v. M'KeehanSupreme Court of Pennsylvania · 1842
3Cited by3 opinions
- Pennsylvania Co. for Ins. v. Ninth Bk. T. Co.Supreme Court of Pennsylvania · 1931
- Klein's EstatePennsylvania Orphans' Court, Berks County · 1934
- Seeds v. Franklin, Pennsylvania Court of Common Pleas, Delaware County1931