Continental & Commercial Trust & Savings Bank v. Chicago Title & Trust Co.
Court of Appeals for the Seventh Circuit
Appeal from the District Court of the United States for the Eastern Division of the Northern District of Illinois. Action by the Chicago Title & Trust Company, as trustee in bankruptcy of Earl II. Prince, against the Continental & Commercial Trust & Savings Bank, as successor, substituted for the Federal Trust & Savings Bank, to recover certain alleged preferences. From a decree confirming a master’s report in favor of complainant, defendant appeals.
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Appeal from the District Court of the United States for the Eastern Division of the Northern District of Illinois. Action by the Chicago Title & Trust Company, as trustee in bankruptcy of Earl II. Prince, against the Continental & Commercial Trust & Savings Bank, as successor, substituted for the Federal Trust & Savings Bank, to recover certain alleged preferences. From a decree confirming a master’s report in favor of complainant, defendant appeals. This appeal is from a decree of the District Court, confirming the master’s report and awarding recovery against the appellant bank, as…
1Opinion of the CourtSeaman, Circuit Judge
(after stating the facts as above). The appellant bank is successor in interest and liability to the Federal Trust & Savings Bank, original defendant named in the bill filed by appellee, as trustee in bankruptcy, to recover the amount of alleged unlawful preferences obtained from the bankrupt, Earl H. Prince; and this appeal is from a decree which approves the master’s report therein and awards such recovery upon two transactions, namely: One of $575.79, as a balance of certain deposits made by the bankrupt under special arrangement with the bank, between February 10th and 14th, appropriated…
2Cases cited9 opinions
- New York County National Bank v. MasseySupreme Court of the United States · 1904
- Marine Bank v. Fulton BankSupreme Court of the United States · 1865
- Scammon v. KimballSupreme Court of the United States · 1876
- Libby v. HopkinsSupreme Court of the United States · 1881
- Western Tie & Timber Co. v. BrownSupreme Court of the United States · 1905
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3Cited by2 opinions
- Lehigh Valley Coal Sales Co. v. MaguireCourt of Appeals for the Seventh Circuit · 1918
- Parker State Bank v. PenninggtonCourt of Appeals for the Eighth Circuit · 1925