Chemical Nat. Bank v. Bailey
U.S. Circuit Court for the District of Southern New York
[At law. Actions by the Chemical National Bank, against Isaac H. Bailey, receiver of the National Bank of the Commonwealth, John Jay Knox, comptroller of the currency, and the National Bank of the Commonwealth, and by Thomas Nelson against the same.]
1Opinion of the Court
"WALLACE, District Judge.
It is stated by counsel, that these actions are brought to determine whether, when the comptroller of the currency has declared a national bank in default, and appointed a receiver under the provisions of the act under which such banks are organized, and a sufficient fund is realized from the assets to pay all claims against the bank and leave a surplus, the comptroller should, or should not, allow interest on the claims during the period of administration, before appropriating the surplus to the stockholders of the bank. It is to be assumed, from this statement, that…
2Cases cited1 opinion
- Payne v. . GardinerNew York Court of Appeals · 1864
3Cited by2 opinions
- Tobias v. Josiah Morris & Co.Supreme Court of Alabama · 1899
- Case v. SmallU.S. Circuit Court for the District of Eastern Louisiana · 1881