Thomson-Houston Electric Co. v. Capitol Electric Co.
Court of Appeals for the Sixth Circuit
Appeal from the Circuit Court of the United States for the Middle District of Tennessee. This was a suit by the Thomson-Houston Electric Company against the Capitol Electric Company for the foreclosure of a mortgage. Martha M. Bead filed an intervening petition praying that she might be decreed to be entitled to the security of the mortga-ge as to four bonds held by. her. The circuit court dismissed the petition. 56 Fed. 849. The intervener appeals.
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Appeal from the Circuit Court of the United States for the Middle District of Tennessee. This was a suit by the Thomson-Houston Electric Company against the Capitol Electric Company for the foreclosure of a mortgage. Martha M. Bead filed an intervening petition praying that she might be decreed to be entitled to the security of the mortga-ge as to four bonds held by. her. The circuit court dismissed the petition. 56 Fed. 849. The intervener appeals. The original bill in this cause was filed fo foreclose a mortgage given by the Capitol Electric Company to secure an issue of $100,000 of…
1Opinion of the Court
TAFT, Circuit Judge,
after stating the facts as above, delivered .the opinion of the court.
We do not think that, under the circumstances of this case, Mrs. Read can be charged with notice of the facts which Dahlgren knew concerning the issne of these bonds. As a general rule, the principal is held to know all that Ms agent knows in any transaction in which the agent acts for him. The Distilled Spirits, 11 Wall. 356. This rule is said to be “based ou the principle of law that it is the agent’s duty to communicate to his principal the knowledge which he has respecting the subject-matter of…
2Cases cited7 opinions
- Carpenter v. LonganSupreme Court of the United States · 1873
- The Distilled SpiritsSupreme Court of the United States · 1871
- Atlantic Cotton Mills v. Indian Orchard MillsMassachusetts Supreme Judicial Court · 1888
- Innerarity v. Merchants' National BankMassachusetts Supreme Judicial Court · 1885
- Allen v. South Boston RailroadMassachusetts Supreme Judicial Court · 1889
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3Cited by44 opinions
- Munroe v. HarrimanCourt of Appeals for the Second Circuit · 1936
- Kean v. National City BankCourt of Appeals for the Sixth Circuit · 1923
- Yeiser v. United States Board & Paper Co.Court of Appeals for the Sixth Circuit · 1901
- Knobelock v. Germania Savings BankSupreme Court of South Carolina · 1897
- Louisville Trust Co. v. Louisville, N. A. & C. R. Co.Court of Appeals for the Sixth Circuit · 1896
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