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BRIGGS v. SPAULDING

No. 185.

141 U.S. 132 (1891)

11 S.Ct. 924

35 L.Ed. 662

BRIGGS, v. SPAULDING.

Supreme Court of United States.

Decided May 25, 1891.

Attorney(s) appearing for the Case

Mr. Ansley Wilcox and Mr. W. Hallett Phillips for appellant. Mr. John G. Milburn was on their brief.

Mr. E.C. Sprague for appellee Spaulding.

Mr. Benjamin H. Williams for appellee Johnson.

Mr. David F. Day for appellee Cushing.

Mr. Daniel N. Lockwood for appellee Coit's administrator.

MR. CHIEF JUSTICE FULLER, after stating the case, delivered the opinion of the court.

In the language of appellant's counsel, the bill was framed upon the theory of a breach by the defendants as directors "of their common law duties as trustees of a financial corporation and of breaches of special restrictions and obligations of the national banking act."

And it is claimed that the defendants should have been held liable for the losses which occurred through...

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