Mechanics & Traders' Bank v. Stettheimer
Appellate Division of the Supreme Court of the State of New York
■ Appeal by the defendant, Ludwig Stettheimer, from a judgment of the Supreme Court in favor of the plaintiff, entered in the office of the clerk of the county of New York on the 12th day of January, 1906, upon the verdict of a jury, and also from an order entered in said clerk’s office on the 18tli day of January, 1906, denying the defendant’s motion for a new trial made upon the minutes.
1Opinion of the Court
Ingraham, J.:
The defendant was a director in a corporation known as the .American Beer Cask Company, and was also its secretary and treasurer. This corporation kept an account in the plaintiff bank, the president of the' bank being a director. At a meeting of the directors on April 12, 1900, four directors being present, the question as to' borrowing money for the corporation was discussed, and it seems that it was proposed to have a note for $2,500 discounted. *199The plaintiff’s president was present, and stated to the other directors that the bank would not loan the company any monéys as it…
2Cases cited5 opinions
- Mallory v. . GillettNew York Court of Appeals · 1860
- White v. . RintoulNew York Court of Appeals · 1888
- Farley v. ClevelandNew York Supreme Court · 1825
- Brown v. . WeberNew York Court of Appeals · 1868
- Ackley v. . ParmenterNew York Court of Appeals · 1885
3Cited by9 opinions
- Hurst Hardware Co. v. GoodmanWest Virginia Supreme Court · 1910
- R & L. Co. v. MetzAppellate Division of the Supreme Court of the State of New York · 1914
- Kleinman v. AuerbachAppellate Terms of the Supreme Court of New York · 1913
- Roscoe Lumber Co. v. ReynoldsAppellate Division of the Supreme Court of the State of New York · 1908
- Eno v. GidoneyAppellate Terms of the Supreme Court of New York · 1915
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