In re Dreuil & Co.
District Court, E.D. Louisiana
In bankruptcy. In the matter of bankruptcy proceedings of Dreuil & Co., bankrupts. On petition of the Canal Bank & Trust Company and counterclaim of the Commercial National Bank to recover the proceeds of certain cotton from the trustee. Judgment in favor of the Canal Bank & Trust Company as prayed.
1Opinion of the Court
FOSTER, District Judge.
In this matter it appears that the bankrupts, Dreuil & Co., pledged to the Canal Bank & Trust Company a bill of lading for 40 bales of cotton, marked “N O Q M,” and another for 60 bales of cotton, marked “O I C O.” A few days later they obtained the bills of lading from the bank on what are known in banking circles as trust receipts, of which the following, as to their material parts, is a copy:
“Received oí Canal Bank & Trust Company the bills of lading or other documents or securities as enumerated below, held by the said bank as cob lateral pledged to secure advances…
2Cases cited7 opinions
- Shaw v. Railroad Co.Supreme Court of the United States · 1880
- Clark v. IselinSupreme Court of the United States · 1875
- Insurance Co. v. KigerSupreme Court of the United States · 1881
- Commercial Bank v. HurtSupreme Court of Alabama · 1892
- Holton & Winn v. John A. Hubbard & Co.Supreme Court of Louisiana · 1897
2 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- In re A. E. Fountain, Inc.Court of Appeals for the Second Circuit · 1922
- Chandler v. Merchants & Mechanics National BankCourt of Appeals of Georgia · 1923
- Jacob E. Decker & Sons v. Milwaukee Cold Storage Co.Wisconsin Supreme Court · 1920
- W. S. Brown Mercantile Co. v. Yielding Bros. Department Store, Inc.Supreme Court of Alabama · 1917
- Commercial Germania Trust & Savings Bank v. W. M. Hoyt Co.Appellate Court of Illinois · 1917