Philadelphia & Reading Railroad v. Smith
Supreme Court of Pennsylvania
Error to the Court of Common Pleas No. 3, of Philadelphia county: Of July Term, 1883, No. 196. Debt, by John F. Smith, against the Philadelphia and Reading Railroad Company, to recover the amounts of (1) certain scrip certificates, (2) certain interest coupons attached to said certificates, and (3) certain detached interest -warrants, originally annexed to bonds, (4) interest accrued on said coupons and warrants from the time the same became due and payable.
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Error to the Court of Common Pleas No. 3, of Philadelphia county: Of July Term, 1883, No. 196. Debt, by John F. Smith, against the Philadelphia and Reading Railroad Company, to recover the amounts of (1) certain scrip certificates, (2) certain interest coupons attached to said certificates, and (3) certain detached interest -warrants, originally annexed to bonds, (4) interest accrued on said coupons and warrants from the time the same became due and payable. The plaintiff filed copies of the said instruments, which, except as to numbering and amounts, were in the following form: [SCRIP…
1Opinion of the CourtChief Justice Mercttb
This contention is whether the holder of certain coupons and interest warrants, can recover interest thereon from the time they became due and payable.
Each was given to furnish security for the prompt payment of the interest on bonds issued by the plaintiff in error. The one class of coupons was expressly made payable to bearer at the several times therein specified. They provided for the payment of the interest before the principal debt became due. They were designed to be severed from the bonds. They were intended to pass from hand to hand by delivery. They were payable in money, and. at…
2Cited by6 opinions
- Hamilton v. Wheeling Public Service Co.West Virginia Supreme Court · 1921
- Philad. & R. R. v. KnightSupreme Court of Pennsylvania · 1889
- Rea v. Pennsylvania Canal Co.Supreme Court of Pennsylvania · 1915
- Foulkrod v. Quaker City Cold Storage Co.Superior Court of Pennsylvania · 1941
- Executors of Pawling v. Administrators of PawlingSupreme Court of Pennsylvania · 1805
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