Emerson v. Gaither

The appellee was appointed receiver of the American National Bank of Baltimore, and by direction of the Comptroller of the Currency filed this bill against the directors of the bank and the executors and distributees of Frederick Walpert, deceased, who was in his lifetime a director. The defendants are sought to be held liable for a number of acts alleged to have been illegal and negligent — those particularly relied on being that they “knowingly suffered and permitted loans to be made in excess of one-tenth of the amount of the capital of said bank actually paid in,” to certain persons and…