Reynes v. Dumont
Supreme Court of the United States
APPEALS FROM THE CIRCUIT COURT OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK. The case, as stated by the court in its opinion, was as follows: On the 14th' of June, 1877, Frederick Dumont, August Henry Reine, and John David Moekel, who composed the firm of‘F. Dumont & Co., filed.-their bill in the Circuit 'Court of the United States for the Southern District of New York against Charles M. Fry, trustee óf Schuchardt. & Sons, bankrupts ; Francois Laborde and.E.
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APPEALS FROM THE CIRCUIT COURT OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK. The case, as stated by the court in its opinion, was as follows: On the 14th' of June, 1877, Frederick Dumont, August Henry Reine, and John David Moekel, who composed the firm of‘F. Dumont & Co., filed.-their bill in the Circuit 'Court of the United States for the Southern District of New York against Charles M. Fry, trustee óf Schuchardt. & Sons, bankrupts ; Francois Laborde and.E. H. Reynes, assignees of Charles' Cavaroc & Son, bankrupts; the Louisiana National Bank of New Orleans, and N. W. Casey,…
1Opinion of the CourtChief Justice Puller
The Circuit Court held that Cavaroc & Son had pledged the bonds to Sehuchardt & Sons as security for any unpaid balance of account due from the- New Orleans Bank, with a limitation to $100,000 on the amount for which the bonds should be held liable. The unpaid balance was ultimately placed at $195,315.63. The larger part of this balance resulted from charging back the drafts on Seignouret Préres & Co., Honorat & Co., and Dutfoy & Co., which amounted, damages included, to over $180,000. The inquiry therefore presents itself, on this branch of the case, whether Sehuchardt & Sons had a lien upon…
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