Traer v. Clews
Supreme Court of the United States
IN ERROR to the supreme court of the STATE OF. IOWA. Henry Clews, the defendant in error, on January 17, 1878, brought this suit in the Circuit Court of Linn County, Iowa, against John W. Traer ánd others, to recover the value of fifty shares, of one thousand dollars each, of capital stock in. the Cedar Rapids Northwestern Construction Company, and the dividends which had been declared thereon. The stock had been- originally subscribed and owned by Clews.
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IN ERROR to the supreme court of the STATE OF. IOWA. Henry Clews, the defendant in error, on January 17, 1878, brought this suit in the Circuit Court of Linn County, Iowa, against John W. Traer ánd others, to recover the value of fifty shares, of one thousand dollars each, of capital stock in. the Cedar Rapids Northwestern Construction Company, and the dividends which had been declared thereon. The stock had been- originally subscribed and owned by Clews. The Construction Company was organized in 1870. The dividends sued for were declared, ten'thousand dollars in December, 1873, and five…
1Opinion of the CourtJustice Woods
After stating the facts in the language above reported, he continued : •
The defendant in error questions the jurisdiction of this ! court. As the record shows that the plaintiffs in error dispute the validity of a transfer to the defendant in error of the property in controversy, made to him by a trustee in bankruptcy, appointed under and deriving his authority from the bankrupt act, and as the question is made whether the suit is barred by the limitation prescribed by the same act, we are of opinion that the jurisdiction of the court to decide these questions is clear. Factors’ & Traders’…
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