Legal Opinion
Lowden v. Northwestern Nat. Bank & Trust Co.
Court of Appeals for the Eighth Circuit
Decided July 27, 1936No. 10390PublishedCited by 23 opinions
1Opinion of the Court
SANBORN, Circuit Judge.
The Northwestern National Bank & Trust Company of Minneapolis, a national bank, prior to the year 1931, purchased upon the open market $100,000 face value of the first and refunding gold bonds of the Chicago, Rock Island & Pacific Railway Company. These bonds were purchased from the Guaranty Company and the National City Company, both of New York, and the dates of purchase and prices paid were as follows: November 18, 1927, $25,000, at 96; July 19, 1928, $50,000, at 943,4; October 8, 1930, $25,000, at 99%.
These bonds, owned by the bank, were bearer bonds and a part of…
2Cases cited40 opinions
- United States v. KirkpatrickSupreme Court of the United States · 1824
- Cunningham v. BrownSupreme Court of the United States · 1924
- Scott v. ArmstrongSupreme Court of the United States · 1892
- Studley v. Boylston National BankSupreme Court of the United States · 1913
- Sawyer v. HoagSupreme Court of the United States · 1873
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3Cited by23 opinions
- In the Matter of Yale Express System, Inc., Debtor. Boston Insurance Company v. F. Ralph Nogg, TrusteeCourt of Appeals for the Second Circuit · 1966
- Susquehanna Chemical Corp. v. Producers Bank & Trust Co.Court of Appeals for the Third Circuit · 1949
- In the Matter of Penn Central Transportation Company, Debtor. Appeal of State of New York, 71-1066. Appeal of State of New Jersey, 71-1151Court of Appeals for the Third Circuit · 1971
- In Re Rosenbaum Grain CorporationCourt of Appeals for the Seventh Circuit · 1939
- In the Matter of Penn Central Transportation Company, Debtor. Appeal of First Wisconsin National Bank of Milwaukee, Wisconsin, in No. 19,340. Appeal of Marine Midland Grace Trust Company of New York, in No. 19,341. Appeal of National Bank of Detroit, in No. 19,342. Appeal of Lincoln Rochester Trust Company, Rochester, New York, in No. 19,343. Appeal of Central Penn National Bank, Philadelphia, Pennsylvania, in No. 19,344. Appeal of Citizens Fidelity Bank & Trust Company, Louisville, Kentucky, in No. 19,345. Appeal of First National Bank of Maryland, Baltimore, Maryland, in No. 19,346Court of Appeals for the First Circuit · 1972
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