Central Stock & Grain Exchange of Chicago v. Bendinger
Court of Appeals for the Seventh Circuit
Cross Appeals from the Circuit Court of the United States for tbe Northern Division of the Northern District of Illinois.
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Cross Appeals from the Circuit Court of the United States for tbe Northern Division of the Northern District of Illinois. The bill in the circuit court was by the complainant (appellee on the main appeal and appellant on the cross appeal), a citizen of Ohio, against the defendant below (appellant on the main appeal and appellee on the cross appeal), a corporation under the laws of Illinois, to recover nine thousand dollars said to have been diverted by one William Stichtenoth, brother-in-law of complainant, from the purpose for which it was intrusted to him, and by him lost In gambling…
1Opinion of the Court
After the foregoing statement* of the case, GROSSCUP, Circuit Judge,
delivered the opinion of the court, as follows:
The second and third assignments of error on the main appeal are already disposed of in the statement of the case. The evidence convinces us that Forbus & Company were but feeders to the Chicago house, the appellant; and that whatever monies were deposited with the former as margins were, in effect, acquired by the latter. The transactions may be treated as if they had taken place through no intermediary, but primarily with the Chicago house. Indeed, some of the transactions were…
2Cases cited2 opinions
- Higgins v. McCreaSupreme Court of the United States · 1886
- Elder v. TalcottAppellate Court of Illinois · 1891
3Cited by10 opinions
- Spiller v. St. Louis & S. F. R.Court of Appeals for the Eighth Circuit · 1926
- Glasgow v. NichollsWashington Supreme Court · 1923
- Fenner v. American Surety Co. of New YorkCourt of Appeals of Texas · 1941
- Joslyn v. DowningCourt of Appeals for the Ninth Circuit · 1906
- Burke Grain Co. v. St. Paul-Mercury Indemnity Co.Court of Appeals for the Eighth Circuit · 1938
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