Legal Opinion

Frelinghuysen v. Nugent

U.S. Circuit Court for the District of New Jersey

Decided September 25, 1888PublishedCited by 57 opinions

In Equity. Bill to establish a trust. On final hearing. This was a bill for an injunction, and to establish a trust ex maleficio, brought by Frederick Frelinghuysen, as receiver of the Mechanics’ National Bank of Newark, against Christopher Nugent and James Nugent, partners under the firm name of C. Nugent & Co., George B. Jenkinson, receiver and assignee, Eugene Kelly and others.

1Opinion of the Court

Bradiasy, Justice.

On Monday, the 31st day of October,1881, the Mechanics’ National Bank of Newark, an old and reputedly strong and wealthy institution, closed its doors, and announced itself bankrupt. Perhaps no single event had ever occurred in that city which so completely shocked and astounded its inhabitants. By his own confession, made to the directors on the day previous, the catastrophe was caused by the delinquency of Oscar L. Baldwin, the cashier. His story .was that he had used the bank’s money to carry along a firm of morocco manufacturers by the name of C. Nugent & Co., consisting…

2Cited by57 opinions

  1. Empire State Surety Co. v. Carroll CountyCourt of Appeals for the Eighth Circuit · 1912
  2. Board of Com'rs v. StrawnCourt of Appeals for the Sixth Circuit · 1907
  3. Standard Oil Co. of Ky. v. HawkinsCourt of Appeals for the Seventh Circuit · 1896
  4. Yellowstone County v. First Trust & Savings BankMontana Supreme Court · 1912
  5. City Bank of Hopkinsville v. BlackmoreCourt of Appeals for the Sixth Circuit · 1896

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