Legal Opinion

Korbly v. Springfield Institution for Savings

Supreme Court of the United States

Decided December 10, 1917No. 26, 27PublishedCited by 33 opinions

APPEALS PROM THE CIRCUIT COURT OP APPEALS FOR THE FIRST CIRCUIT. The cases are stated in the opinion.

1Opinion of the CourtJustice Claeke

These two cases are appeals from the Circuit Court of Appeals for the First Circuit, which were heard and will be decided together.

The Pynchon National Bank, of Springfield, Massachusetts, with a capital stock of $200,000, divided into 2000 shares of $100 each, became insolvent and in June, 1901, the Comptroller of the Currency appointed a receiver to liquidate its affairs.

Upon examination there were found among its assets bonds of the American Writing Paper Company, of the par value of $577,000, which the bank had purchased at a discount, but which, at the time of the transaction we are…

2Cases cited7 opinions

  1. United States v. KirkpatrickSupreme Court of the United States · 1824
  2. Kennedy v. GibsonSupreme Court of the United States · 1869
  3. National Bank of the Commonwealth v. Mechanics' National BankSupreme Court of the United States · 1877
  4. Bushnell v. LelandSupreme Court of the United States · 1897
  5. United States v. KnoxSupreme Court of the United States · 1880

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3Cited by33 opinions

  1. Broderick v. RosnerSupreme Court of the United States · 1935
  2. Carson v. Federal Reserve BankNew York Court of Appeals · 1930
  3. Bennett v. WheatleySupreme Court of Georgia · 1922
  4. Cunningham v. Commissioner of BanksMassachusetts Supreme Judicial Court · 1924
  5. Smith v. General Truck Drivers, Etc., Union Local 467District Court, S.D. California · 1960

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