Scammon v. Kimball
Supreme Court of the United States
Appeal from the Circuit Court of the United States for the Northern District of Illinois. The complainant, a private banker in Chicago, held several policies of insurance issued to him by the Mutual Security Insurance Company, of which' he was a director. The company was duly adjudicated a bankrupt. At the time of such adjudication, it had money deposited with him on call, drawing interest, and held his notes for unpaid subscriptions to its capital stock.
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Appeal from the Circuit Court of the United States for the Northern District of Illinois. The complainant, a private banker in Chicago, held several policies of insurance issued to him by the Mutual Security Insurance Company, of which' he was a director. The company was duly adjudicated a bankrupt. At the time of such adjudication, it had money deposited with him on call, drawing interest, and held his notes for unpaid subscriptions to its capital stock. The question arising in the case and determined by the court below was, whether the amount due from the company on said policies of…
1Opinion of the CourtJustice Clifford
Jurisdiction is vested in the circuit courts, under the Bankrupt Act, concurrent with the District Court for the same district, of all suits, at law or in equity, which may or shall be brought by any person against the assignee of the bankrupt’s estate, touching any property, or rights of property, of the bankrupt transferable to, or vested in, such assignee.
Pursuant to that authority, the appellant, on the 3d of May, 1872, filed the present bill of complaint in the Circuit Court against the appellee as assignee of the bankrupt company described in the title of the case. Prior to that, — to…
2Cases cited8 opinions
- Sawyer v. HoagSupreme Court of the United States · 1873
- Mumma v. Potomac Co.Supreme Court of the United States · 1834
- Marine Bank v. Fulton BankSupreme Court of the United States · 1865
- Sheets v. SeldenSupreme Court of the United States · 1869
- Thompson v. RiggsSupreme Court of the United States · 1867
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3Cited by106 opinions
- Burton v. United StatesSupreme Court of the United States · 1905
- Scott v. ArmstrongSupreme Court of the United States · 1892
- Davis v. Elmira Savings BankSupreme Court of the United States · 1896
- New York County National Bank v. MasseySupreme Court of the United States · 1904
- North Chicago Rolling Mill Co. v. St. Louis Ore & Steel Co.Supreme Court of the United States · 1894
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