Commonwealth Trust Co. v. First-Second National Bank
Supreme Court of Pennsylvania
Appeal, No. 118, Oct. T., 1917, by plaintiff, from decree of O. P. Allegheny Co., Oct. T., 1915, No. 673, dismissing bill in equity to require payment of a note, in case of the Commonwealth Trust Company of Pittsburgh, a state corporation, v. First-Second National Bank of Pittsburgh, and the First National Bank of Pittsburgh, federal corporations, Thomas C. Griggs, Oscar L. Telling and William F. Benkiser, as Trustees and individually.
Read the full summary
Appeal, No. 118, Oct. T., 1917, by plaintiff, from decree of O. P. Allegheny Co., Oct. T., 1915, No. 673, dismissing bill in equity to require payment of a note, in case of the Commonwealth Trust Company of Pittsburgh, a state corporation, v. First-Second National Bank of Pittsburgh, and the First National Bank of Pittsburgh, federal corporations, Thomas C. Griggs, Oscar L. Telling and William F. Benkiser, as Trustees and individually. Bill in equity to require payment of a note. Before Macfarlane, J. From the record it áppears that deposit slips showing a deposit of the money received upon…
1Opinion of the Court
Opinion by
Me. Justices Walling,
In November, 1912, the First National Bank of Pittsburgh established among its employees, numbering about one hundred twenty, a benefit plan by which three active officers of the bank were named as trustees, to whom each employee could at his option pay six and two-thirds per cent, of his semi-monthly salary. In that event, and in that event only, the bank agreed to add thereto a sum equal to ten per cent, of such salary, making a total sav*228ings fund of sixteen and two-thirds per cent. Practically all of the employees joined in the plan and were called…
2Cases cited19 opinions
- California Bank v. KennedySupreme Court of the United States · 1897
- Logan County National Bank v. TownsendSupreme Court of the United States · 1891
- Aldrich v. Chemical National BankSupreme Court of the United States · 1900
- McCormick v. Market BankSupreme Court of the United States · 1897
- Western National Bank v. ArmstrongSupreme Court of the United States · 1894
14 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- O'Connor v. Bankers Trust Co.New York Supreme Court · 1936
- Roberts's Trust EstateSupreme Court of Pennsylvania · 1934
- Weissburg v. Peoples State Bank of N. K.Supreme Court of Pennsylvania · 1925