Penn Safe Deposit & Trust Co. v. Kennedy
Supreme Court of Pennsylvania
Appeals, No. 170, July T., 1895, by Jolm B. Stetson, and No. 188, July T., 1895, by Robert C. Thomas, from order of C. P. No. 4, Phila. Co., June T., 1891, No. 684, dismissing exceptions to report of referee. Assumpsit on a promissory note. The case was referred to Charles Biddle, Esq., as referee, who after finding the facts as stated in the opinion of the Supreme Court recommended that judgment should be entered against the defendants for the amount of the note.
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Appeals, No. 170, July T., 1895, by Jolm B. Stetson, and No. 188, July T., 1895, by Robert C. Thomas, from order of C. P. No. 4, Phila. Co., June T., 1891, No. 684, dismissing exceptions to report of referee. Assumpsit on a promissory note. The case was referred to Charles Biddle, Esq., as referee, who after finding the facts as stated in the opinion of the Supreme Court recommended that judgment should be entered against the defendants for the amount of the note. The court dismissed exceptions to the referee’s report, and entered judgment against the defendants. JSrror assigned by each…
1Opinion of the Court
APPEAL OE JOHN B. STETSON, NO. 170.
Opinion by
Mr. Justice Williams,
The facts brought out upon the trial of this case in the court below throw some light upon the manner in which values may be inflated and corporations organized without any intention on the part of the corporators to comply honestly with the requirements of the law. The plaintiff’s claim is upon a promissory note in the common form for the sum of $25,000 payable to the *163order of the Spring Garden National Bank and indorsed by that bank to the plaintiff. The defense set up is that the note was given for the accommodation of the…
2Cases cited4 opinions
- Lord v. Ocean BankSupreme Court of Pennsylvania · 1853
- Philler v. PattersonSupreme Court of Pennsylvania · 1895
- Moore v. BairdSupreme Court of Pennsylvania · 1858
- Miller v. PollockSupreme Court of Pennsylvania · 1882
3Cited by8 opinions
- Putnam v. Ensign Oil Co.Supreme Court of Pennsylvania · 1922
- Delaware County Trust, Safe Deposit & Title Insurance v. HaserSupreme Court of Pennsylvania · 1901
- Baker v. Union Stock Yards National BankNebraska Supreme Court · 1902
- Maddison v. BryanNew Mexico Supreme Court · 1926
- Earle v. EnosU.S. Circuit Court for the District of Eastern Pennsylvania · 1904
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