MacLaren v. State
Wisconsin Supreme Court
Error to review a judgment of the municipal court of Milwaukee county: A. 0. Brazee, Judge. Gimbel Brothers, a foreign corporation, is engaged in the business of running a large general store, commonly called a department store, in the city of Milwaukee, and the plaintiff in error is the general manager of its business at that place.
Read the full summary
Error to review a judgment of the municipal court of Milwaukee county: A. 0. Brazee, Judge. Gimbel Brothers, a foreign corporation, is engaged in the business of running a large general store, commonly called a department store, in the city of Milwaukee, and the plaintiff in error is the general manager of its business at that place. The corporation maintains what is termed a “deposit purchase department” Persons desiring to deposit money with the corporation may do so to the amount of $500. Interest at the rate of four per cent, per annum is allowed on all- deposits left three months, and…
1Opinion of the CourtBarnes, J.
Most of tbe questions raised- by tbe plaintiff in error, hereinafter called tbe defendant, are passed upon adversely to bis contention in Weed v. Bergh, ante, p. 569, 124 N. W. 664. In addition to- tbe points there raised and decided, it is urged that G-imbel Brothers, the corporation employing the defendant, was not engaged in tbe banking business, and that the legislature could not declare that tbe mere receipt of deposits constituted such business. Tbe right of tbe legislature to reasonably regulate tbe business of tbe corporation, in so far as it extended to receiving moneys on deposit,…
2Cases cited7 opinions
- Curtis and Others v. . LeavittNew York Court of Appeals · 1857
- Oulton v. Savings InstitutionSupreme Court of the United States · 1873
- Pennell v. StateWisconsin Supreme Court · 1909
- Reed v. People ex rel. HuntIllinois Supreme Court · 1888
- Weed v. Bergh, Commissioner of BankingWisconsin Supreme Court · 1910
2 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Michigan Trust Co. v. BronsonCalifornia Supreme Court · 1923
- State Ex Rel. Davis v. KnightSupreme Court of Florida · 1929
- Citizens Bank & Trust Co. v. MabrySupreme Court of Florida · 1931
- Weed v. Bergh, Commissioner of BankingWisconsin Supreme Court · 1910
- First National Bank v. City of HartfordWisconsin Supreme Court · 1925
6 more not listed; retrieve them via the Exa API.