Columbian Bank's Estate
Supreme Court of Pennsylvania
Appeals, No. 133, 155 and 192, Jan. T., 1891, by John S. Stevens, John P. McGrath and Mary A. Steward from order of C. P. No. 2, Phila. Co., June T., 1887, No. 874, dismissing exceptions to report of auditor. On Feb. 8,1888, J. Warner Goheen was appointed auditor to distribute the assigned estate of the Columbian Bank. From the report of the auditor it appeared that John S. Stevens was director and vice president of the Columbian Bank.
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Appeals, No. 133, 155 and 192, Jan. T., 1891, by John S. Stevens, John P. McGrath and Mary A. Steward from order of C. P. No. 2, Phila. Co., June T., 1887, No. 874, dismissing exceptions to report of auditor. On Feb. 8,1888, J. Warner Goheen was appointed auditor to distribute the assigned estate of the Columbian Bank. From the report of the auditor it appeared that John S. Stevens was director and vice president of the Columbian Bank. Becoming dissatisfied with the management of the bank and aware of its -unsound condition, on Sept. 10,1886, he resigned from both offices. The auditor further…
1Opinion of the Court
STEVENS’ APPEAL.
Opinion by
Mr. Justice McCollum,
The appellant sold his stock in the Columbian Bank on Jan. 4, 1887, and the learned auditor finds that the bank was the purchaser of it and then insolvent. In these findings he is well sustained by the evidence. The Columbian Bank began business about March 1, 1883, as the successor of a partnership *434engaged in banking under the name of the Columbian Loan Association and Savings Fund, of which Charles Phillips was president, and the actual capital of the bank was then limited to the assets, subject to the liabilities of the firm to which it…
2Cases cited3 opinions
- Johnston v. LaflinSupreme Court of the United States · 1881
- Farmers' & Mechanics' National Bank v. KingSupreme Court of Pennsylvania · 1868
- Thompson's AppealSupreme Court of Pennsylvania · 1853
3Cited by7 opinions
- In the Matter of the Trimble Company, a Corporation. William J. McMinn Samuel A. Robinson, Joseph A. Warren, Jr., and R. J. Mitchell, CreditorsCourt of Appeals for the Third Circuit · 1964
- Commonwealth v. Tradesmen's Trust Co.Supreme Court of Pennsylvania · 1915
- Coleman v. TepelCourt of Appeals for the Third Circuit · 1916
- Alexander v. Fidelity Trust Co.Court of Appeals for the Third Circuit · 1917
- Tepel v. ColemanDistrict Court, M.D. Pennsylvania · 1914
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