In re Salvator Brewing Co.
Court of Appeals for the Second Circuit
Petition to Revise Order of the District Court of the United States for the Southern District of New York. In the matter of the Salvator Brewing Company, bankrupt. On petition to review an order of the District Court (188 Fed. 522), reversing an order of the referee and permitting John H. Meyer to file proof of debt.-
1Opinion of the Court
COXE, Circuit Judge.
[1] The Salvator Brewing Company was adjudicated a bankrupt on March 2, 1908. Prior to that time, in order to relieve the 'company from financial difficulties, the above named claimant, Meyer, and eight other directors, indorsed two promissory notes, for $4,500 and $18,000 respectively, which were discounted and the proceeds used in the business of the bankrupt. When the notes became due the nine directors paid the amount of the notes and now seek to prove their debt for the same against the estate of the bankrupt.
We think they should be permitted to do so for the…
2Cited by19 opinions
- First Nat. Bank v. WestCourt of Appeals for the Third Circuit · 1915
- Scottsville Nat. Bank v. GilmerCourt of Appeals for the Fourth Circuit · 1930
- Larson v. First State BankCourt of Appeals for the Eighth Circuit · 1927
- In Re FantDistrict Court, W.D. South Carolina · 1927
- In Re Supernit, Inc. Appeal of BoydCourt of Appeals for the Third Circuit · 1950
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