Commercial National Bank v. Canal-Louisiana Bank & Trust Co.
Supreme Court of the United States
APPEAL FROM THE CIRCUIT COURT OF APPEALS FOR THE FIFTH CIRCUIT. The facts, which involve the-determination in a bankruptcy proceeding of conflicting rights of pledgees of the same goods represented by warehouse receipts therefor, and the construction and application of provisions of the Uniform Warehouse Receipts Acts of Louisiána, are stated in the opinion.
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APPEAL FROM THE CIRCUIT COURT OF APPEALS FOR THE FIFTH CIRCUIT. The facts, which involve the-determination in a bankruptcy proceeding of conflicting rights of pledgees of the same goods represented by warehouse receipts therefor, and the construction and application of provisions of the Uniform Warehouse Receipts Acts of Louisiána, are stated in the opinion. The Negotiable Warehouse Receipts Act of Louisiana does not change fundamental principles, and one who takes by trespass, or a finder, is not included within the description of those who may negotiate. The title of the cotton was vested…
1Opinion of the CourtJustice Hughes
This is a controversy .arising in a bankruptcy proceeding. The Commercial National Bank of New Orleans petitioned the District Court for the recovery from the trustee in bankruptcy of certain bales of cotton alleged to have been held by the bankrupts, Dreuil & Company, for the account of the petitioner under trust receipts. The Canal-Louisiana Bank & Trust Company defended, presenting its reconventional demand based upon a claim of superior title. The District Court entered a decree in favor of the Canal-Louisiana Bank & Trust Company (205 Fed.. Rep. 568), which was affirmed by the Circuit…
2Cases cited5 opinions
- Clark v. IselinSupreme Court of the United States · 1875
- Moors v. . KidderNew York Court of Appeals · 1887
- Insurance Co. v. KigerSupreme Court of the United States · 1881
- Drexel v. . PeaseNew York Court of Appeals · 1892
- Holton & Winn v. John A. Hubbard & Co.Supreme Court of Louisiana · 1897
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- Peoples National Bank v. MulhollandMassachusetts Supreme Judicial Court · 1917
- In re A. E. Fountain, Inc.Court of Appeals for the Second Circuit · 1922
- Ex Parte MortonSupreme Court of Alabama · 1954
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