Union Bank of Georgetown v. Laird
Supreme Court of the United States
Appeal from the circuit court for the district oí Columbia. James Smith, on the J 9th of March, 1811, drew a bill at sixty days sight, on James Patton, in favor of Andrew Smith, for 1,800 dollars. This bill was accepted by Patton, and was discounted in the Uuion. Bank of Georgetown, at the instance of Andrew Smith, and when it became due, another bill, of the same tenor was drawn and accepted by Pation, and discounted for the purpose of paying the preceding acceptance.
Read the full summary
Appeal from the circuit court for the district oí Columbia. James Smith, on the J 9th of March, 1811, drew a bill at sixty days sight, on James Patton, in favor of Andrew Smith, for 1,800 dollars. This bill was accepted by Patton, and was discounted in the Uuion. Bank of Georgetown, at the instance of Andrew Smith, and when it became due, another bill, of the same tenor was drawn and accepted by Pation, and discounted for the purpose of paying the preceding acceptance. This last acceptance, became due on the 14th and 17th of July, and was protested for non-payment; and at the time that it…
1Opinion of the CourtJustice Story
The principal question is whether, under the circumstances of this case, Laird, the original plaintiff has a right to a transfer from the bank, of the fifty shares of its capital stock, standing in the name of. Patton, without paying the' acceptance of Patton; or, in other words, whether Laird has a priority of lien upon these shares. By the 11 th section of the act of incorporation, (act of 18th February, 1811 ch. 80.,) it is enacted, “ That the shares of the capital stock, at any time owned by- any individual stockholder, shall be -transferrablé only orí the books of the bank, according…
2Cited by81 opinions
- Robert Y. Brent, Surviving of Robert Brent, Use of the United States v. The President and Directors of the Bank of WashingtonSupreme Court of the United States · 1836
- Sowell v. Federal Reserve Bank of DallasSupreme Court of the United States · 1925
- The Mechanics Bank of Alexandria v. LOUISA & MARIA SETONSupreme Court of the United States · 1828
- New York & New Haven Railroad v. SchuylerNew York Court of Appeals · 1865
- N.Y. N.H.R.R. Co. v. . SchuylerNew York Court of Appeals · 1865
76 more not listed; retrieve them via the Exa API.