Legal Opinion

Savings Bank v. Creswell

Supreme Court of the United States

Decided March 18, 1880No. 161PublishedCited by 39 opinions

On June 20, 1870, the firm of S. P. Brown & Son made to Samuel P. Brown its promissory note for $10,000, payable to his order one year thereafter, which he duly indorsed to the Freedman’s Saving and Trust Company. To secure its payment, he executed to Daniel L. Eaton, the actuary of the company, a deed of trust for certain lots of ground in Mount Pleasant, in the District of Columbia.

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On June 20, 1870, the firm of S. P. Brown & Son made to Samuel P. Brown its promissory note for $10,000, payable to his order one year thereafter, which he duly indorsed to the Freedman’s Saving and Trust Company. To secure its payment, he executed to Daniel L. Eaton, the actuary of the company, a deed of trust for certain lots of ground in Mount Pleasant, in the District of Columbia. Default having been made in the payment of the note, the trustee sold the property Oct. 12, 1872, and conveyed it to the company. . On March 3, 1870, John M. Jolly obtained in the court below a judgment against…

1Opinion of the CourtJustice Miller

Samuel P. Brown, being seised in fee of a large number of lots constituting the subdivision of a tract of land into the town of Mount Pleasant, had a judgment rendered against him, March 3, 1870, in favor of one Jolly, for the simi of $4,694.05, in the Supreme Court of the District of Columbia, and the lots being within the District, the judgment became from that day a lien on them. On the twentieth day of June of that year, Mr. Brown borrowed of the Freedman’s Savings and Trust Company the sum of $10,000, and executed to Daniel L. Eaton a deed of trust conveying a part of the lots owned by…

2Cases cited2 opinions

  1. Hughes v. EdwardsSupreme Court of the United States · 1824
  2. Orvis v. PowellSupreme Court of the United States · 1878

3Cited by39 opinions

  1. Champa v. Consolidated Finance Corp.Indiana Supreme Court · 1953
  2. Sims v. PetreeSupreme Court of Arkansas · 1944
  3. Reasoner v. FisikelliSupreme Court of Florida · 1934
  4. Bryson v. Newtown Real Estate & Development Corp.Supreme Court of Connecticut · 1965
  5. Hopper v. SmyserCourt of Appeals of Maryland · 1900

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