University of Illinois v. Globe Savings Bank
Illinois Supreme Court
Appeal from the Circuit Court of Cook county; the Hon. Murray F. Tuley, Judge, presiding. On and prior to April 3, 1897, Charles W. Spalding was president, principal stockholder and manager of the Globe Savings Bank, doing business in the city of Chicago. He was at the same time treasurer of the University of Illinois. On that day the bank closed its doors and Spalding left the State.
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Appeal from the Circuit Court of Cook county; the Hon. Murray F. Tuley, Judge, presiding. On and prior to April 3, 1897, Charles W. Spalding was president, principal stockholder and manager of the Globe Savings Bank, doing business in the city of Chicago. He was at the same time treasurer of the University of Illinois. On that day the bank closed its doors and Spalding left the State. On the fifth of the same month this litigation was begun in the circuit court of Cook county, by the cashier of the bank, George E. Churchill, filing a bill to settle its business and wind up the corporation. On…
1Opinion of the CourtJustice Wilkin
From the decree of the circuit court the University of Illinois alone prayed and was allowed an appeal, and by its assignment of errors questions only the order requiring it to pay the bank, or receiver, the $15,000 wrongfully appropriated by Spalding, as a condition precedent to its receiving the above mentioned bonds and stocks. Appellees assigned cross-errors upon the record, by which they seek to question the ruling of the court below upon the first intervening petition by the university, in holding the university entitled to the bonds, securities, etc,, claimed by the second petition,…
2Cases cited1 opinion
- Coates v. CunninghamIllinois Supreme Court · 1875
3Cited by4 opinions
- Lange v. HeyerIllinois Supreme Court · 1902
- Meissler v. MeisslerAppellate Court of Illinois · 1901
- Illinois National Bank v. Trustees of SchoolsAppellate Court of Illinois · 1903
- Allebone v. North Side Riding AcademyAppellate Court of Illinois · 1903