Hogg's Appeal
Supreme Court of Pennsylvania
Appeal from a decree of the Common Pleas, Philadelphia, made on 10th December, 1853, on the third account of John Bacon and others, assignees and trustees, under an assignment by the President, Directors, and Company of the Bank of the United States, dated 7th June, 1841. The appellants, Sir James Hogg and others, were holders of post-notes of the Bank United States, dated the 14th day of October, 1839, and the 15th day of April, 1841, issued under a loan made by Messrs.
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Appeal from a decree of the Common Pleas, Philadelphia, made on 10th December, 1853, on the third account of John Bacon and others, assignees and trustees, under an assignment by the President, Directors, and Company of the Bank of the United States, dated 7th June, 1841. The appellants, Sir James Hogg and others, were holders of post-notes of the Bank United States, dated the 14th day of October, 1839, and the 15th day of April, 1841, issued under a loan made by Messrs. Denison & Co., of London, amounting to £317,000 sterling. The Bank of the United States was incorporated by Act of the…
1Opinion of the Court
The opinion of the Court was delivered by
Lowrie, J.
This is one of a class of claims called the Denison loan to the Bank of, the United States, and the principal question here is, whether they are entitled to share in the funds assigned by the bank to John Bacon and others, on the 7th June, 1841, for the benefit of a portion of its creditors'. The beneficiaries under this assignment are described as depositors, holders of notes of the ordinary kind payable on demand, and holders of notes commonly called post-notes. The appellants claim to be holders of post-notes within the meaning of this…
2Cases cited1 opinion
- Swift v. BeersNew York Supreme Court · 1846
3Cited by4 opinions
- Board of Drainage Commissioners of New River Drainage District v. ArnoldSupreme Court of Georgia · 1923
- Smith v. StateMississippi Supreme Court · 1911
- People ex rel. Bank for Savings v. MillerAppellate Division of the Supreme Court of the State of New York · 1903
- State v. SondermanIndiana Court of Appeals · 1923