South Park Foundry & Machine Co. v. Chicago Great Western Railway Co.
Supreme Court of Minnesota
Petition by the South Park Foundry & Machine Company to the district court for Ramsey county in the matter of the receivership for the insolvent Bank of Minnesota. The receivers of the bank and the Chicago Great Western Railway Company were ordered to show cause why the petition should not be granted. The facts are given in the opinion. From an order, O. B. Lewis, J., granting petitioner’s application, the railway company appealed.
1Opinion of the CourtMitchell, J.
The South Park Foundry & Machine Company (hereinafter called the “Machine Company”) and the Chicago Great Western Railway Company (hereinafter called the “Railway Company”) were, and for years had been, customers of the Bank of Minnesota (hereinafter called the “Bank”), with which each of them had an open and current bank account, subject to check.
On December 7, 1896, the Machine Company drew its draft for |910.71, payable in 30 days to its own order, on the Railway Company, which the Railway Company accepted on the same day. On the next day the Machine Company indorsed the draft, by an…
2Cases cited1 opinion
- In re State BankSupreme Court of Minnesota · 1894
3Cited by15 opinions
- In Re GubelmanCourt of Appeals for the Second Circuit · 1925
- Acme Hay & Mill Feed Co. v. Metropolitan National BankSupreme Court of Iowa · 1924
- National Bank of Commerce v. BossemeyerNebraska Supreme Court · 1917
- Stein v. KempSupreme Court of Minnesota · 1916
- Hjelle v. VeigelSupreme Court of Minnesota · 1926
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