National Exchange Bank v. Wilder
Supreme Court of Minnesota
In September, 1884, the Minnesota Elevator Company made an assignment to the respondent Wilder for the benefit of its creditors.
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In September, 1884, the Minnesota Elevator Company made an assignment to the respondent Wilder for the benefit of its creditors. The assignee, upon taking possession of the property of the Elevator Company, found in its warehouses about 15,779 bushels of wheat, all of which, excepting about 679 bushels, he sold for the sum of $9,029.29. After such sale the appellants, four national banks doing business in the city of Hartford, Connecticut, and creditors of the insolvent company, with claims aggregating $64,000, filed their petition in the district court for Goodhue county, setting forth their…
1Opinion of the CourtMitchell, J.
The Minnesota Elevator Company, a corporation, owned and operated several warehouses,, receiving grain from other parties for storage therein, and also buying wheat and storing it therein on its own account. At different times, from September 15, 1883, to May 1, 1884, the company obtained loans of money from certain banks, (the appellants,) and, having a large quantity of wheat of its own in store in its different warehouses, in order to secure the loans by way of pledge, it executed and delivered to the banks warehouse receipts for the same, designating therein (except, perhaps, in a single…
2Cases cited5 opinions
- Gibson v. StevensSupreme Court of the United States · 1850
- Forbes v. Boston and Lowell RailroadMassachusetts Supreme Judicial Court · 1882
- Fishback v. G. W. Van Dusen & Co.Supreme Court of Minnesota · 1885
- Merchants' & Manufacturers' Bank v. HibbardMichigan Supreme Court · 1882
- Broadwell v. HowardIllinois Supreme Court · 1875
3Cited by20 opinions
- Franklin National Bank v. WhiteheadIndiana Supreme Court · 1898
- Bush v. Export Storage Co.U.S. Circuit Court for the District of Eastern Tennessee · 1904
- Swedish-American National Bank v. First National BankSupreme Court of Minnesota · 1903
- Hall v. PillsburySupreme Court of Minnesota · 1890
- McReynolds v. PeopleIllinois Supreme Court · 1907
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