Merrill v. Town of Monticello
Court of Appeals for the Seventh Circuit
Appeal from the Circuit Court of the United States for the District of Indiana.
1Opinion of the Court
WOODS, Circuit Judge.
In the year 1878 the town of Monticello, Ind., issued a series of 210 ten-year coupon bonds, for $100 each, and placed them in the hands of an agent to negotiate. The agent sold 143 of the bonds to a, firm of brokers at Indianapolis for $12,918.40, and those bonds the appellant, Merrill, afterwards purchased in open market at Boston. The other bonds were sold at par by the agent of the town, and passed into unknown hands. The agent defaulted and fled the country, but, of the money received for the bonds, the town recovered $7,000, which the agent had deposited in a bank.…
2Cases cited20 opinions
- Elmendorf v. TaylorSupreme Court of the United States · 1825
- Speidel v. HenriciSupreme Court of the United States · 1887
- Parkersburg v. BrownSupreme Court of the United States · 1883
- Louisiana v. WoodSupreme Court of the United States · 1880
- Logan County National Bank v. TownsendSupreme Court of the United States · 1891
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3Cited by3 opinions
- Geer v. School Dist. No. 11Court of Appeals for the Eighth Circuit · 1901
- Ætna Life Ins. v. Lyon CountyU.S. Circuit Court for the District of Northern Iowa · 1897
- Coffin v. Board of Com'rsU.S. Circuit Court for the District of Kansas · 1902