Ahl v. Rhoads
Supreme Court of Pennsylvania
Error to the Court of Common Pleas of Cumberland county: Of May Term 1877, No. 167. Scire facias sur mortgage issued by John A. Ahl, for use of Daniel V. Ahl, against John P. Rhoads and Samuel S. Shryock, assignees of the Farmers’ and Mechanics’ Bank of Shippensburg.
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Error to the Court of Common Pleas of Cumberland county: Of May Term 1877, No. 167. Scire facias sur mortgage issued by John A. Ahl, for use of Daniel V. Ahl, against John P. Rhoads and Samuel S. Shryock, assignees of the Farmers’ and Mechanics’ Bank of Shippensburg. The following, in substance, was the case stated for the opinion of the lower court:— “ The Farmers’ and Mechanics’ Bank of Shippensburg was incorporated on the 11th day of April 1862, by a special act of the legislature (see Pamph. L. 1863, p. 661), and shortly after, began and continued to transact the business of banking until…
1Opinion of the CourtJustice Woodward
On the 6th of October 1874, when the mortgage which the Farmers’ and Mechanics’ Bank of Shippensburg held against T. P. Blair was assigned to John A. Ahl, the legal plaintiff here, an indebtedness to him had accrued and -was existing amounting to $15,659.25. For this indebtedness the mortgage was designed to be a collateral security. It consisted of deposits subject to check, made from time to time in the usual course of business. The arrangement was made, according to the terms of the case stated, “ as an inducement to Ahl to keep a large balance in his favor in his deposit account.” The…
2Cases cited3 opinions
- Smith v. DrewMassachusetts Supreme Judicial Court · 1809
- Nickle v. BaldwinSupreme Court of Pennsylvania · 1842
- Beyer v. FenstermacherSupreme Court of Pennsylvania · 1837
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- Cochran v. ShetlerSupreme Court of Pennsylvania · 1926
- Manhattan Hardware Co. v. Phalen, Pennsylvania Court of Common Pleas, Berks County1889
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