Merchants' National Bank v. Eastern Railroad
Massachusetts Supreme Judicial Court
Four bills in equity against the Eastern Railroad Company and the trustees of the same, appointed under the St. of 1876, c. 236. The first bill alleged that the plaintiff was the holder of certain promissory notes of the Eastern Railroad Company, and held, as collateral security for the same, certain shares of the capital stock of the Pullman Palace Car Company, and certain bonds of the Portsmouth, Great Falls and Conway Railroad Company, due in 1892, with interest payable…
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Four bills in equity against the Eastern Railroad Company and the trustees of the same, appointed under the St. of 1876, c. 236. The first bill alleged that the plaintiff was the holder of certain promissory notes of the Eastern Railroad Company, and held, as collateral security for the same, certain shares of the capital stock of the Pullman Palace Car Company, and certain bonds of the Portsmouth, Great Falls and Conway Railroad Company, due in 1892, with interest payable semiannually, each bond being payable to the order of and indorsed and guaranteed by the Eastern Railroad Company. The…
1Opinion of the CourtColt, J.
No question of the jurisdiction of this court over these bills was specifically raised by the demurrers, or made at the argument. It is clear that the court has jurisdiction in some form to pass upon claims of the nature and amounts here stated; and, for reasons stated in Third National Bank v. Eastern Railroad, 122 Mass. 240, we have not thought it necessary to consider whether the remedies in these cases should have been sought through appeals from the decisions of commissioners rather than in the present form.
I. The Merchants’ National Bank contends that it is either entitled to receive…
2Cases cited2 opinions
- Amory v. FrancisMassachusetts Supreme Judicial Court · 1820
- Third National Bank v. Eastern RailroadMassachusetts Supreme Judicial Court · 1877
3Cited by12 opinions
- Jones v. Arena Publishing Co.Massachusetts Supreme Judicial Court · 1898
- National Union Bank v. National Mechanics' BankCourt of Appeals of Maryland · 1895
- Commissioner of BanksMassachusetts Supreme Judicial Court · 1922
- Franklin County National Bank v. First National BankMassachusetts Supreme Judicial Court · 1885
- Hale v. LeatherbeeMassachusetts Supreme Judicial Court · 1900
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