Legal Opinion

German Savings Bank of Des Moines v. Des Moines National Bank of Des Moines

Supreme Court of Iowa

Decided February 12, 1904PublishedCited by 33 opinions

Appeal from Polk District Court. — How. S. F. Prouty, Judge. ActioN on account of money alleged to have been obtained by fraud. Decree for defendant. The plaintiff appeals.

1Opinion of the CourtLadd, J.

Prior to January 19, 1897, J. W. Geneser was cashier of the German Savings Bant of Des Moines. He had borrowed money of the bank both individually and for the Capital City Oatmeal Company, of which he was treasurer. The transactions by which these loans were originally made are not disclosed by the record. For the purposes of this case, their validity is not questioned, foi the reason that the bank received and retained their full value when discounted to the Des Moines National Bank. There were originally four notes — one of the oatmeal company executed by Geneser, as treasurer, to the…

2Cases cited12 opinions

  1. Wood v. CarpenterSupreme Court of the United States · 1879
  2. People's Bank v. National BankSupreme Court of the United States · 1880
  3. West St. Louis Savings Bank v. Shawnee County BankSupreme Court of the United States · 1877
  4. New Albany v. BurkeSupreme Court of the United States · 1871
  5. Buckner v. CalcoteMississippi Supreme Court · 1855

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3Cited by33 opinions

  1. Hinkley v. Sac Oil & Pipe Line Co.Supreme Court of Iowa · 1906
  2. State Bank of Moore v. ForsythMontana Supreme Court · 1910
  3. State Bank v. BrownSupreme Court of Iowa · 1909
  4. State v. DaviesWashington Supreme Court · 1934
  5. Watt v. German Savings BankCourt of Appeals of Iowa · 1917

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