Mount Vernon Bank v. Porter
Missouri Court of Appeals
Appeal from the Bade Circuit Court. — Hon. D. P. Stratton, Judge. The following is the section of the statutes of 1865 concerning the powers of savings banks: Chapter 68, section 1. “Any five or more persons in any county in this state may organize themselves into a savings association, and shall be permitted to carry on the business of receiving money on deposit and to allow interest thereon, giving to the person depositing credit therefor, and of buying and selling…
Read the full summary
Appeal from the Bade Circuit Court. — Hon. D. P. Stratton, Judge. The following is the section of the statutes of 1865 concerning the powers of savings banks: Chapter 68, section 1. “Any five or more persons in any county in this state may organize themselves into a savings association, and shall be permitted to carry on the business of receiving money on deposit and to allow interest thereon, giving to the person depositing credit therefor, and of buying and selling exchange, gold, silver, coin bullion, uncurrent money, bonds of the United States, of the state of Missouri, and of the city…
1Opinion of the CourtEllison, J.
— Plaintiff is a banking corporation, organized under .the laws of Missouri. Defendant, John D. Porter, was plaintiff’s cashier in the year 1888, and the other defendants are his bondsmen as such cashier. In the year 1888, as plaintiff alleges and offered to prove, Porter as such cashier, or the bank through Porter, as cashier, negotiated $25,000 of bonds, known as the Pierce City waterworks bonds, for which there was a commission of $1,000 due the bank; that this sum was paid to Porter, cashier, but he refused to account to the bank for the money. At the trial plaintiff offered to prove the…
2Cases cited3 opinions
- International Bank v. Franklin CountySupreme Court of Missouri · 1877
- Welsh v. Ferd Heim Brewing Co.Missouri Court of Appeals · 1892
- Aull Savings Bank v. City of LexingtonSupreme Court of Missouri · 1881
3Cited by7 opinions
- Cass County v. Mercantile Town Mutual InsuranceSupreme Court of Missouri · 1905
- Memphis & Arkansas River Packet Co. v. AgnewTennessee Supreme Court · 1915
- City of Goodland v. Bank of DarlingtonMissouri Court of Appeals · 1898
- Mount Vernon Bank v. PorterSupreme Court of Missouri · 1899
- Tourtelot v. WhithedNorth Dakota Supreme Court · 1900
2 more not listed; retrieve them via the Exa API.