Bank v. Carrollton Railroad
Supreme Court of the United States
Appeal from the Circuit Court for the District of Louisiana. ' The Fourth National Bank of New York filed a bill in December, 1867, in the court below against the New Orleans and Carrollton Railroad Company, Beauregard, Hernandez, Binder, and Bonneval. The court dismissed the bill and this case was an appeal by the bank. The case was thus: The railroad company just mentioned was a corporation in Louisiana, which had made a railroad from New Orleans to Carrollton.
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Appeal from the Circuit Court for the District of Louisiana. ' The Fourth National Bank of New York filed a bill in December, 1867, in the court below against the New Orleans and Carrollton Railroad Company, Beauregard, Hernandez, Binder, and Bonneval. The court dismissed the bill and this case was an appeal by the bank. The case was thus: The railroad company just mentioned was a corporation in Louisiana, which had made a railroad from New Orleans to Carrollton. On the 12th April, 1866, this corporation made a lease to the defendant, Beauregard, of the road, for twenty-five years, from the…
1Opinion of the CourtJustice Strong
The effect of Graham’s assignment to the complainant was undoubtedly to dissolve the partnership which had existed between Beauregard, May, and himself, but it did not make his assignee a tenant in common with the other two partners in the property of the firm. It seems to be assumed on behalf of the complainant, that in succeeding to Graham’s rights, the bank acquired an ownership of the effects of the firm jointly with Beauregard and May, and that, as Graham had been an equal partner with them, his assignee of course became the owner of one undivided third of the railroad lease and other…
2Cited by58 opinions
- Burnet v. LeiningerSupreme Court of the United States · 1932
- State of Washington v. United StatesCourt of Appeals for the Ninth Circuit · 1936
- Karrick v. HannamanSupreme Court of the United States · 1897
- Moore v. RawsonMassachusetts Supreme Judicial Court · 1904
- Stilgenbaur v. United StatesCourt of Appeals for the Ninth Circuit · 1940
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