Becker v. Billings

Mr. J ustice Dunn

delivered the opinion of the court:

The Chicago National Bank and the Home Savings Bank, banking corporations in Chicago, failed on December 18, 1905. The former was organized under the National Banking act and the latter under the State Banking act of Illinois. Their respective boards of directors for many years before the failures, each having seven members, consisted of the same persons, except that each had one director who was not a member of the other board. Fred M. Blount was a director of the National bank but not of the State bank,' and William J. Onahan was a…