Railroad Co. v. National Bank
Supreme Court of the United States
Error to the Circuit Court of the United States for the Southern District of New York. This was an- action by The National Bank of the Republic of New York against The Brooklyn City and Newtown Ráilroad Company.
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Error to the Circuit Court of the United States for the Southern District of New York. This was an- action by The National Bank of the Republic of New York against The Brooklyn City and Newtown Ráilroad Company. The case, as made by an agreed statement of facts, is this: — . The company, a corporation organized under the laws of-New York, executed, at Brooklyn, in that State, May 9, 1873, its promissory note for the sum of $5,000, payable four months after date to the -order of William Y. LeCount, its treasurer, at the Atlantic State Bank of Brooklyn. It was indorsed in blank, first by him,…
1Opinion of the CourtJustice Harlan
The first proposition of the plaintiff in error is'that there has been a final determination by a court of competent jurisdiction, between the same parties or their privies, upon the same subject-' matter as that here in controversy. This contention rests upon the judgment of the. Supreme Court of .New York, in the action instituted by the bank against Palmer & Co., as the indorsers of the note in suit,
The judgment in the State court clearly constitutes no bar to the present action. Personal judgments bind only parties and their privies. The railroad company was ■ not a party to the separate…
2Cases cited4 opinions
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- Montclair v. RamsdellSupreme Court of the United States · 1883
- Smith v. AlabamaSupreme Court of the United States · 1888
- Bigelow v. Old Dominion Copper Mining & Smelting Co.Supreme Court of the United States · 1912
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