Turner v. First National Bank
Supreme Court of Iowa
Appeal from, Lee District Court. Action to recover the value, of $1,500, of seven-thirty bonds of the United States, dated July 15, 1865, left by plaintiff with the bank on special deposit, or “ for safe keeping.”
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Appeal from, Lee District Court. Action to recover the value, of $1,500, of seven-thirty bonds of the United States, dated July 15, 1865, left by plaintiff with the bank on special deposit, or “ for safe keeping.” The bank failed, and the defendant, H. W. Sample, was appointed receiver, by the comptroller of the currency, under the act to provide a national currency, etc.,” approved June 3, 1864. The petition alleges the deposit of the bonds; the receipt of the interest on the coupons from the cashier of the bank every six months, up to and including January, 1868; the failure of the bank;…
1Opinion of the CourtCole, J.
1. national banks: suspension of. I. The main point relied upon in argument by the appellant’s counsel, is, that the claim of plaintiff is not a debt of the bank, under the 50th . > section oi the act oi congress, entitled, “An act to provide a national currency, etc.,” approved June 3, 1864. That section is as follows: “ That, on becoming satisfied, as specified in this act, that any association has refused to pay its circulating notes, as therein mentioned, and is in default, the comptroller of the currency may forthwith appoint a receiver, and require of him such bond and security as he…
2Cases cited3 opinions
- Peabody v. Washington County Mutual-InsuranceNew York Supreme Court · 1855
- Beckwith v. DargetsSupreme Court of Iowa · 1865
- School District Township of Sioux City v. PrattSupreme Court of Iowa · 1864
3Cited by14 opinions
- National Bank v. GrahamSupreme Court of the United States · 1880
- Manhattan Bank of Memphis v. WalkerSupreme Court of the United States · 1889
- Miller v. Keokuk & Des Moines R'y Co.Supreme Court of Iowa · 1883
- Pattison v. . Syracuse National BankNew York Court of Appeals · 1880
- Denton v. BakerCourt of Appeals for the Ninth Circuit · 1897
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