Mechanics & Metals National Bank of New York v. Pingree

Appellant, Mechanics & Metals National Bank of New York City, is a corporation, under the national banking laws of the United States, with its principal place of business in New York. The Stockgrowers Bank & Trust Company, which will hereinafter be referred to as the Stockgrowers Bank, was a banking corporation with its principal place of business in Pocatello, Idaho. With the exception of L. W. Pingree, who was its assistant cashier, and Richard Douglas who was a stockholder, the remaining respondents' were directors of the Stockgrowers Bank. It executed its note to appellant dated July 29,…