Smith v. Des Moines National Bank
Supreme Court of Iowa
Appeal from Pollc District Gourt. — ITon. W. F. Conrad, Judge. Suit in equity to establish a trust upon certain funds in the hands of thé defendant, and for judgment for the amount of plaintiff’s claim. The answer was, in effect, a general denial. Trial to the court, decree for plaintiff as prayed, and defendant appeals.
1Opinion of the CourtDeemer, J.
Tbe Lewis Investment Company was a corporation organized under the laws of this state, for the purpose of making loans from its own funds, as well as for investing and loaning money belonging to others. Its capital stock was one hundred and fifty thousand dollars. It selected the Des Moines National Bank as its banker, and opened an account with, it in May of the year 1891. With this bank it did a large business, and its transactions were quite similar to those of the other customers of the bank. Money was borrowed from time to time, and large amounts were deposited in the name of the…
2Cases cited23 opinions
- National Bank v. Insurance Co.Supreme Court of the United States · 1881
- Van Alen v. . American National BankNew York Court of Appeals · 1873
- Newton v. . PorterNew York Court of Appeals · 1877
- Stephens v. . Board of EducationNew York Court of Appeals · 1879
- Importers & Traders' National Bank v. PetersNew York Court of Appeals · 1890
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3Cited by42 opinions
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- Cable v. Iowa State Savings BankSupreme Court of Iowa · 1922
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