Estate of the Bank of Pennsylvania
Supreme Court of Pennsylvania
Appeal from the decree of the Court of Common Pleas of Philadelphia, in the distribution of the assigned estate of the Bank of Pennsylvania: No. 166, to July Term 1868. The decree in the court below was the confirmation of the report of the auditor, George W. Biddle, Esq., on the sixth account of William C. Patterson, William L. Savage and John D. Taylor, assignees for the benefit of creditors of the Bank of Pennsylvania.
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Appeal from the decree of the Court of Common Pleas of Philadelphia, in the distribution of the assigned estate of the Bank of Pennsylvania: No. 166, to July Term 1868. The decree in the court below was the confirmation of the report of the auditor, George W. Biddle, Esq., on the sixth account of William C. Patterson, William L. Savage and John D. Taylor, assignees for the benefit of creditors of the Bank of Pennsylvania. The assignment was dated February 17th 1858. The 9th section of the Act of April 26th 1844, Pamph. L. 420, directs that the assignees of any bank under an assignment for the…
1Opinion of the Court
The opinion of the court was delivered,
by
Thompson, C. J.
It is evident, if the learned auditor be accurate in the conclusions arrived at in his report, that the holders of registered notes of the Bank of Pennsylvania are' entitled to interest thereon, notwithstanding the principal has been extinguished by sundry dividends made by the assignees, there is no other practical question for decision, as that will absorb the entire balance of the assets. We will, therefore, turn our attention to this point in the first place, regarding as we do the notes presented and registered by the assignees as…
2Cases cited1 opinion
- Murphy's AppealSupreme Court of Pennsylvania · 1843
3Cited by3 opinions
- Hansell v. DowningSuperior Court of Pennsylvania · 1901
- Reliance Building & Loan Ass'n CaseSuperior Court of Pennsylvania · 1940
- Scranton v. ManleySuperior Court of Pennsylvania · 1900