Farmers' Savings Bank v. Jameson
Supreme Court of Iowa
Appeal from Blackhawk District Court. — Chas. W. Mullan, Judge. ' Action at law to recover damages for fraud and deceit accomplisbed by means of a letter written by defendant to plaintiff, wbicb is alleged to have induced plaintiff to loan a large sum of money to the Central Iowa Granite Company. Verdict and judgment for plaintiff in the sum of $40,000. Defendant appeals.
1Opinion of the CourtSalinger, J.
*6791' cor^ruSTon: anty1? rute^)£ar reason. *678I. Defendant wrote plaintiff a letter, in *679effect, that its bearer was a desirable bank customer, would probably need to use considerable money, was thoroughly reliable, and was “good for any arrangement”,it might make with plaintiff. .Plaintiff was a bank, which was forbidden b"y Section 1870 of the Code Supplement,. 1913, to loan, more than $2,000 to any one borrower; but,-from time to time after receiving this letter, it loaned the p'arty so presented. more than $60,000, and the borrower is wholly unable to pay. The bank contends that it would not have…
2Cases cited9 opinions
- Hill v. WinsorMassachusetts Supreme Judicial Court · 1875
- Fowler v. Scully ex rel. First National BankSupreme Court of Pennsylvania · 1873
- Crane Co. v. Pacific Heat & Power Co.Washington Supreme Court · 1904
- State v. GardnerSupreme Court of Iowa · 1916
- Portland National Bank v. ScottOregon Supreme Court · 1891
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3Cited by9 opinions
- State v. CowenSupreme Court of Iowa · 1942
- International Harvester Co. of America v. Chicago, Milwaukee & St. Paul Railway Co.Supreme Court of Iowa · 1919
- Stahl v. Board of SupervisorsSupreme Court of Iowa · 1920
- Wabash Railway Co. v. PetersonSupreme Court of Iowa · 1919
- Dilenbeck v. DavisSupreme Court of Iowa · 1919
4 more not listed; retrieve them via the Exa API.