National Bank v. Matthews
Supreme Court of the United States
Error to tte Supreme Court of the State of Missouri. On tbe 1st of March, 1871, Hugh B. Logan and Elizabeth A. Matthews executed and delivered to Sterling Price & Co. their joint and several promissory note for the sum of $15,000, payable to the order of that firm two years from date, with interest at the rate of ten per cent per annum.
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Error to tte Supreme Court of the State of Missouri. On tbe 1st of March, 1871, Hugh B. Logan and Elizabeth A. Matthews executed and delivered to Sterling Price & Co. their joint and several promissory note for the sum of $15,000, payable to the order of that firm two years from date, with interest at the rate of ten per cent per annum. The payment of the note was secured by a deed of trust, executed by her, of certain real estate therein described, situate in the State of .Missouri. On the 13th of the same month, the note and deed of trust were assigned to the Union National Bank of St.…
1Opinion of the CourtJustice Swayne
This case involves a question arising under the national banking law, which has not heretofore been passed upon by this court. We have considered it with the care due to its importance.
Our attention has been called to but a single point which requires consideration, and that is, whether the deed of trust can be enforced for the benefit of the bank.
*625The statutory provisions which bear upon the subject are as follows: —
“ Sect. 5136.” Every national banking association is authorized “to exercise by its board of directors or duly authorized officers or agents, subject to law, all such incidental…
2Cases cited8 opinions
- Harris v. RunnelsSupreme Court of the United States · 1851
- Gold-Mining Co. v. National BankSupreme Court of the United States · 1878
- Runyan v. Lessee of CosterSupreme Court of the United States · 1840
- Inhabitants of Milford v. Inhabitants of WorcesterMassachusetts Supreme Judicial Court · 1810
- Clark v. American Coal Co.Supreme Court of Iowa · 1892
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3Cited by353 opinions
- California Bank v. KennedySupreme Court of the United States · 1897
- Whitney v. WymanSupreme Court of the United States · 1880
- Fritts v. PalmerSupreme Court of the United States · 1889
- Butler Bros. Shoe Co. v. United States Rubber Co.Court of Appeals for the Eighth Circuit · 1907
- Davis v. Old Colony RailroadMassachusetts Supreme Judicial Court · 1881
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