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NAT. BANK & LOAN CO. v. PETRIE

No. 166.

189 U.S. 423 (1903)

23 S.Ct. 512

47 L.Ed. 879

NATIONAL BANK AND LOAN COMPANY v. PETRIE.

Supreme Court of United States.

Decided March 9, 1903.

Attorney(s) appearing for the Case

Submitted by Mr. Henry Purcell and Mr. John Lansing for plaintiff in error.

Argued by Mr. Elon R. Brown for defendant in error.

MR. JUSTICE HOLMES delivered the opinion of the court.

This is an action to recover money paid to the plaintiff in error for certain bonds. One defence set up in the answer was that the bank was a national bank, and that the sale of the bonds was without the authority of the bank, and was illegal and void. Judgment went against the bank, it was affirmed by the appellate division of the Supreme Court, 46 App. Div. 634, and by the Court of Appeals, 167 N.Y. 589, and...

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