Dreifus v. Colonial Bank & Trust Co.
Supreme Court of Louisiana
Appeal from Civil District Court, Parish of Orleans; John St. Paul, Judge. In the matter of the liquidation of the Colonial Bank & Trust Company. Application of Meyer S. Dreifus to have receivers appointed for such company. From an order appointing two receivers, defendant and the liquidators appeal.
1Opinion of the CourtProvosty, J.
The defendant bank was organized in December, 1905, with a paid-up capital of $240,000, divided into 24,000 shares. It went safely through the late financial crisis; but in the last days of September and first days of October, 1908, a sort of silent run began upon it, caused by a suit for the appointment of a receiver instituted against another bank with which there had been a rumor of its intention to consolidate. This run was met at first in the ordinary course by the calling in of loans; but, the strain proving too great, the president of the bank had recourse to the German-American…
2Cases cited7 opinions
- Johnson v. LevySupreme Court of Louisiana · 1907
- Russell v. Citizens' Ice Co.Supreme Court of Louisiana · 1907
- In re the Louisiana Savings' Bank & Safe Deposit Co.Supreme Court of Louisiana · 1883
- Trisconi v. WinshipSupreme Court of Louisiana · 1891
- In re Liquidation of Grant & Jung Furniture Co.Supreme Court of Louisiana · 1899
2 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Dunham v. DunhamLouisiana Court of Appeal · 1985
- Garig v. Truth Printing & Pub. Co.Supreme Court of Louisiana · 1909
- Dreifus v. Colonial Bank & Trust Co.Supreme Court of Louisiana · 1911
- Slattery v. Greater New Orleans Realty & Development Co.Supreme Court of Louisiana · 1911
- State ex rel. Breaux v. Longshoremen's Protective Union Benevolent Ass'n Local No. 231Louisiana Court of Appeal · 1929
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