Schuyler National Bank v. Gadsden
Supreme Court of the United States
ERROR TO THE SUPREME COURT OP THE STATE OP NEBRASKA. On August 8,-1890, George Thrush, one of the defendants in error, being indebted to the Schuyler National Bank, one of the plaintiffs in error, for money then and theretoforé lent, executed a note to the bank for the sum of $5000, payable six months after date.
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ERROR TO THE SUPREME COURT OP THE STATE OP NEBRASKA. On August 8,-1890, George Thrush, one of the defendants in error, being indebted to the Schuyler National Bank, one of the plaintiffs in error, for money then and theretoforé lent, executed a note to the bank for the sum of $5000, payable six months after date. As collateral security for the payment of this note, Thrush and his wife executed' a note and mortgage for $5000 to one Sumner, who was at that time the president of the bank. The collateral note and mortgage were delivered to the bank and by it retained. The note made to the bank…
1Opinion of the Court
Mr. Justice White,
after making the 'foregoing statement, delivered, the opinion of the court.
The question for decision is, Did the Supreme Court of Nebraska rightly .decide that the controversy concerning usurious interest paid was to be governed by the statute of Nebraska on that subject and not by the laws of the United States on the same subject, as expressed in section 5198 of the Revised Statutes? We say this is the sole question, because it is undoubted that if the rights of the parties are to be deter-piined by the laws of the United States, the ruling below was wrong. This results…
Also in this document: Dissent.
2Cases cited4 opinions
- National Bank v. MatthewsSupreme Court of the United States · 1879
- National Bank v. WhitneySupreme Court of the United States · 1881
- Logan County National Bank v. TownsendSupreme Court of the United States · 1891
- Haseltine v. Central Bank of SpringfieldSupreme Court of the United States · 1901
3Cited by51 opinions
- Weiner v. Bank of King of PrussiaDistrict Court, E.D. Pennsylvania · 1973
- McCollum v. Hamilton National BankSupreme Court of the United States · 1938
- Baker v. SchofieldSupreme Court of the United States · 1917
- Meadow Brook National Bank v. RecileDistrict Court, E.D. Louisiana · 1969
- Planters National Bank of Virginia v. Wysong & Miles Co.Supreme Court of North Carolina · 1919
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