Levy v. Chicago National Bank
Illinois Supreme Court
Appeal from the Appellate Court for the First District;—heard in that court on appeal froin the County-Court of Cook county; the Hon. Frank Scales, Judge, presiding.
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Appeal from the Appellate Court for the First District;—heard in that court on appeal froin the County-Court of Cook county; the Hon. Frank Scales, Judge, presiding. Herman Schaffner & Co., by A. G. Becker, the surviving partner, made an assignment June 8, 1893. Their indebtedness exceeded at that time $2,000,000. Their assets were such that up to the present time a ten per cent dividend has been declared, and the prospects for more than a five per cent additional dividend are exceedingly slight. At the date of the assignment the insolvents were indebted to the Chicago National Bank in the…
1Opinion of the CourtJustice Magruder
When appellee filed its claim on September 9, 1893, against the assigned estate in the county court, there had been paid upon the notes, which had been pledged to it as collateral security for its debt, the sum of §66,012.88. This sum consisted of various amounts paid by the makers of the collateral notes at different times between June 3, 1893, the date of the assignment, and September 9,1893, the date of the filing of the claim. Certificates of deposit for the respective sums so paid were issued by appellee to the order of its cashier, and by him deposited in an envelope in lieu of the…
2Cases cited13 opinions
- Davidson v. New OrleansSupreme Court of the United States · 1878
- Lewis v. United StatesSupreme Court of the United States · 1876
- Union Trust Co. v. TrumbullIllinois Supreme Court · 1891
- People v. E. Remington & SonsNew York Court of Appeals · 1890
- In re BatesIllinois Supreme Court · 1886
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3Cited by24 opinions
- Harrigan v. GilchristWisconsin Supreme Court · 1904
- Fiedler v. EckfeldtIllinois Supreme Court · 1929
- Bushnell v. CooperIllinois Supreme Court · 1919
- South Side Bank & Trust Co. v. YorkeAppellate Court of Illinois · 1973
- Estate of Prescott State BankArizona Supreme Court · 1931
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