Wilson v. Matthews, Finley & Co.
Supreme Court of Alabama
[BILL IN EQUITY BY FOREIGN CREDITOR TO ATTACH BANK-STOCK OF FOREIGN INSOLVENT DEBTOR.] Appeal from the Chancery Court of Madison. Heard before the Hon. JOHN FosteR. This bill was filed by Hugh Wilson, and sought to subject fifty shares of the capital stock of the Northern Bank of Alabama, at Huntsville, which was standing in the name of Matthews, Finley & Co., to the payment of a debt of $6,500 due to him from them.
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[BILL IN EQUITY BY FOREIGN CREDITOR TO ATTACH BANK-STOCK OF FOREIGN INSOLVENT DEBTOR.] Appeal from the Chancery Court of Madison. Heard before the Hon. JOHN FosteR. This bill was filed by Hugh Wilson, and sought to subject fifty shares of the capital stock of the Northern Bank of Alabama, at Huntsville, which was standing in the name of Matthews, Finley & Co., to the payment of a debt of $6,500 due to him from them. The plaintiff’s letter to his agents in Huntsville, instructing them to have the bill filed, was dated the 5th December, 1854; and the bill was filed on the 14th December. It…
1Opinion of the CourtStone, J.
By the constitution of the United States, (Art. I, sec. 8, subd. 4,) congress has power to establish “uniform laws on the subject of bankruptcies throughout the United States.” This power has been twice exercised since the federal government went into operation; but, in each instance, the statutes had but a brief existence. In the absence of general regulations on this subject, State legislatures have given attention to the condition of bankrupts and poor debtors; and the result is, that most, if not all, of the States composing this Union, have what are called insolvent, or poor-deb tor s’…
2Cases cited32 opinions
- Ogden v. SaundersSupreme Court of the United States · 1827
- Bank of Columbia v. OkelySupreme Court of the United States · 1819
- Suydam v. BroadnaxSupreme Court of the United States · 1840
- Harrison v. SterrySupreme Court of the United States · 1809
- Beers v. HaughtonSupreme Court of the United States · 1835
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3Cited by5 opinions
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- Halliday v. JonesSupreme Court of Alabama · 1877
- Mobile & Ohio Railroad v. Whitney & Co.Supreme Court of Alabama · 1864
- McDougald's Adm'r v. CareySupreme Court of Alabama · 1863