Merchants' National Bank v. Cook
Supreme Court of the United States
Appeal from the Circuit Court of the United States for the Southern pistrict of Ohio. The facts are stated in the opinion of the court.
1Opinion of the CourtJustice Hunt
delivered the opinion of the'court.. This action is brought by the assignees of B. Homans, Jr., to recover from the Merchants’ Bank certain securities, or their value, received by the bank from. Homans. The securities are alleged to have'been received in violation of the thirty-fifth section of the Bankrupt Act- That Homans was insolvent when the.securities were delivered is not denied, but the bank insists that it had no reasonable cause to believe that such was his condition.
On the morning of. Aug. 25, 1869, the bank advanced to Homans, upon his check on. New York, the sum of $19,000, less…
2Cases cited1 opinion
- Toof v. MartinSupreme Court of the United States · 1871
3Cited by31 opinions
- Mitchell v. United StatesSupreme Court of the United States · 1941
- In re EggertCourt of Appeals for the Seventh Circuit · 1900
- State v. CadwellSupreme Court of Iowa · 1890
- In re McDonaldDistrict Court, D. South Carolina · 1910
- Dougherty v. First Nat. Bank of CantonCourt of Appeals for the Sixth Circuit · 1912
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