Legal Opinion

Bulakowski v. Philadelphia Saving Fund Society

Supreme Court of Pennsylvania

Decided April 25, 1921No. Appeal, No. 275PublishedCited by 34 opinions

Appeal, No. 275, Jan. T., 1921, by defendant, from judgment of C. P. No. 4, Phila. Co., Dec. T., 1919, No. 3031, on verdict for plaintiff, in ease of Andrzej Bulakowski v. Philadelphia Savings Fund Society. Assumpsit to recover the amount of a deposit in a saving fund society. Before Finletter, J. The opinion of the Supreme Court states the facts.

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Appeal, No. 275, Jan. T., 1921, by defendant, from judgment of C. P. No. 4, Phila. Co., Dec. T., 1919, No. 3031, on verdict for plaintiff, in ease of Andrzej Bulakowski v. Philadelphia Savings Fund Society. Assumpsit to recover the amount of a deposit in a saving fund society. Before Finletter, J. The opinion of the Supreme Court states the facts. Facsimiles of various signatures, mentioned in the opinion of the Supreme Court, are as follows: Signature of plaintiff on opening account: Signatures on disputed receipt: Signature of plaintiff written four days, after disputed receipt: Signature…

1Opinion of the Court

Opinion by

Mr. Justice Kephart,

A savings bank is an institution organized to promote prosperity of persons of small means and limited opportunities, wherein earnings may be gained on aggregate small deposits, which earnings, after deducting necessary expenses, and a reserve for depositors’ security, are divided among the depositors. There is no capital stock, nor are there stockholders in such institutions, and it is not a bank in the commercial sense of that word. It is not, however, for all purposes, a charitable society, and, under certain instances, has been held to be a business…

2Cases cited8 opinions

  1. Leather Manufacturers' Bank v. MorganSupreme Court of the United States · 1886
  2. United Security Life Insurance & Trust Co. v. Central National BankSupreme Court of Pennsylvania · 1898
  3. Kelley v. . Buffalo Savings BankNew York Court of Appeals · 1904
  4. Myers v. Southwestern National BankSupreme Court of Pennsylvania · 1899
  5. Bank for Savings v. CollectorSupreme Court of the United States · 1866

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3Cited by34 opinions

  1. Thomas v. First Nat. Bank of ScrantonSupreme Court of Pennsylvania · 1954
  2. Geist v. RobinsonSupreme Court of Pennsylvania · 1938
  3. Gillen v. Maryland National BankCourt of Appeals of Maryland · 1975
  4. Philadelphia Saving Fund Society v. Banking BoardSupreme Court of Pennsylvania · 1955
  5. Otto v. Western Saving Fund SocietySupreme Court of Pennsylvania · 1941

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