Torrance v. Third Nat. Bank of Pittsburgh
Court of Appeals for the Third Circuit
In Error to the District Court of the United States for the Western District of Pennsylvania; Charles P. Orr, Judge. Action by Francis J. Torrance, trustee of the estate of William H. Graham, bankrupt, and Justus Mulert, trustee of the estate of M. K. Salsbury, bankrupt, against the Third National Bank of Pittsburgh. Judgment for defendant, and plaintiffs bring error.
1Opinion of the Court
GRAY, Circuit Judge.
On May 1, 1908, William H. Graham and M. K. Salsbury, bankrupts above named, executed their joint and several note to their own order, in the sum of $43,000.00, and delivered the same, indorsed in blank by them, to the Bank of Pittsburgh, N. A., payable at said bank in consideration of a loan made to them at that time. The following is a copy of said note:
“$43,000. Pittsburgh, Pa., May 1,1908.
“On demand, after date, for value received we jointly and severally promise to pay to the order of ourselves with interest, $43,000 having deposited herewith as collateral security…
2Cases cited1 opinion
- Mulert v. National Bank of TarentumCourt of Appeals for the Third Circuit · 1913
3Cited by13 opinions
- United States v. American National Bank of Jacksonville and Title & Trust Company of FloridaCourt of Appeals for the Fifth Circuit · 1958
- Beavers v. LeSueurSupreme Court of Georgia · 1939
- Heffner v. First Nat. Bk. of Hunt'donSupreme Court of Pennsylvania · 1933
- Columbia Nat. Bank v. Commonwealth Trust Co.Court of Appeals for the Third Circuit · 1917
- In re EvansDistrict Court, W.D. Pennsylvania · 1916
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