French v. Hay
Supreme Court of the United States
Appeal from the Supreme Court of the District of Columbia ; the ease being thus: In 1855, James French and Walter Lenox, of Alexandria, Virginia, obtained from the legislature of Virginia a charter for a railroad between Alexandria and Washington, to be called the Alexandria and Washington Railroad Company. The two persons just named, with a third (a relative of French), owned all the stock ; French owning three-fourths of the whole.
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Appeal from the Supreme Court of the District of Columbia ; the ease being thus: In 1855, James French and Walter Lenox, of Alexandria, Virginia, obtained from the legislature of Virginia a charter for a railroad between Alexandria and Washington, to be called the Alexandria and Washington Railroad Company. The two persons just named, with a third (a relative of French), owned all the stock ; French owning three-fourths of the whole. The capital paid in being inadequate to make and equip the road, the company borrowed $60,000 and gave a deed of trust on the road to secure payment of the debt.…
1Opinion of the CourtJustice Strong
It is plain that no other equity is asserted in the bill of the complainant than such as grew out of the alleged assignment and power of attorney of August 24th, 1860. There is none arising out of payments made by the complainant in the purchase of the debts and judgments. So far as it is chárged by the bill, every dollar that was paid for the judgments was paid with the defendant’s money, advanced by him to the complainant for the purchase. It is true the allegation is made that all the money over and above the $5000 advanced, that was paid in the purchase of the debts, was furnished by the…
2Cited by20 opinions
- Harkrader v. WadleySupreme Court of the United States · 1898
- State v. FredlockWest Virginia Supreme Court · 1902
- Beardsley v. BeardsleySupreme Court of the United States · 1891
- Chicago, M. & ST. P. RY. CO. v. SchendelCourt of Appeals for the Eighth Circuit · 1923
- Equitable Life Assur. Soc. v. WertCourt of Appeals for the Eighth Circuit · 1939
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