Pacific National Bank v. Eaton
Supreme Court of the United States
ERROR TO THE SUPREME JUDICIAL COURT OF THE STATE OF MASSACHUSETTS. This was an action at law to recover from the Pacific National' Bank an amount paid in as á subscription to an increase of its stock.
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ERROR TO THE SUPREME JUDICIAL COURT OF THE STATE OF MASSACHUSETTS. This was an action at law to recover from the Pacific National' Bank an amount paid in as á subscription to an increase of its stock. The circumstances which induced the call for- the increase are stated fully in Delano v. Butler, 118 U. S. 634, and Aspinwall v. Butler, 133 U. S. 595. The plaintiff below, (defendant. in error,) owning .forty shares of $100 each, subscribed for an equal amount in the proposed increase of $500,000; and paid in the money. Owing to the fact that some stockholders declined to take the new stock,…
1Opinion of the CourtJustice Bradley
This "case belongs to the same group as Delano v. Butler (118 U. S. 634) and Aspinwall v. Butler (133 U. S. 595). It relates to pertain shares of the increased stock of the Pacific National Bank of Boston issued in September, 1881.' The circumstances under which said stock was created and subscribed are .detailed in the reports of the cases referred to, and need not be repeated here. It will suffice to state those which áre peculiar to'the present case, only adverting td such others as may be necessary to understand it. ■ On September 13,1881, the capital stock of the bank was $500,000, and…
2Cases cited3 opinions
- Delano v. ButlerSupreme Court of the United States · 1886
- Aspinwall v. ButlerSupreme Court of the United States · 1890
- Eaton v. Pacific National BankMassachusetts Supreme Judicial Court · 1887
3Cited by62 opinions
- Scott v. DeweeseSupreme Court of the United States · 1901
- Golden v. Oahe Enterprises, Inc.South Dakota Supreme Court · 1976
- Finn v. BrownSupreme Court of the United States · 1891
- Barbour v. ThomasCourt of Appeals for the Sixth Circuit · 1936
- Lipscomb's Adm'r v. CondonWest Virginia Supreme Court · 1904
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