New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-01-23
LAW NTELLIGENCE.
KNICKERBOCKER BANK AND KNGCKER-
BOOKER SAVINGS BANK STOCK.
BIOa.

DktBiOss
On the motion made in behalf Of Mr.. j. Hop
per Mott on Saturday, sskiDg 'or An injunction de-
csrsg, in fleet, void, loan made by hm from the
Kpiekrrbocker Savings Bank, Judge Roosevelt, yes
terday, rendered the following decision, which 10
not only highly important a. relating to these par.
ticulsr institutions but as defining the rse governing
Savings Banks.
SUPREME COURr-SPEofAL TERM-JAS p
Before Judge AossEvELr
IsJUScTIoS
Hopper Mou .s. the Knossrboeksr Savings
iDsti'aton
This II controversy srisiog out ,f the homogeneous
alliance .nd Mt ,ey n.,n,. 3. ns
tuiion. IL lusrs in Usnn-r ea1used 20 cnHe an
shoe, eli notions Of .r dealing me tendency OF tue
The plaintiff sppeNs IL ais character ~ me neer Of the
BHlI Aos.Sn on hs re. 81 a.,en % hs r o
IN mind that the ebbf usnssers Of the f,rmer the
Ies shsd h.i, "o. rs /. ~. .m. Vicinity loan
60 called Of sl09o, payable With interest 90 ssnsnd
s.yp,s lp.,ifuon hs promory and esr6ese Of 80
share. the .o-esed stock Of the nesk rms
osr b, now says h, friends the tn.,tuton hsd
,,b mrs ard therefore much he
III, time there noisf. oongsrloa f2 w fAo
he seeeIorTy 6l. this ~, ia equity fee eonjans.on can
badly ii. 70 rovois .me 'ey m.ds.tly praying that the
supreme Courr orrirs snd .'aeo'
nspt or sn, offer Of pay deliver md
hc.e the pretended faith Of which with the eoneanesee
eontrne he shsettd Of the savings VI the the
e Of 5000 al ap~s Tue ss. rae. q a 70:
stsn be iuv,r.d 10 loaned on paohc stocks or e'ss
morrssses and that when losned on, not Invested N,
such .iochs mortgages . s1hei-nt oond or sfner
ss.setory p-r.ou.l ..esrhy un sdaionl snAh ~ 20
au-son being psrsons security. 'sen "a PSF.
fey lawful ssd had the ocs secom ing IL esen tn.t OF
s s f%as s
the psistfi That IT, required b. law ne hsd r.-n iood
,ecsTity hs peona pronise 70 pay tons ioned
vose bndins bat hsvtnE PaneS on " co stsrH
seeanty, 'toes ~hi.h 80 eonps,s.v ssn i,. ~ 80
titled be hi. dsd fsa a. P0se- a'peetys ann
Tor The ard advantage II the teposto-ths poor
ans b-lUe.s eoLfdibg eepossorsof an insuntioa or
,.pir.c BY the Legslsturs 70 enc'nrase, IN the
bbunl-r walls Of lie, the virsss OF s'snsey lnhaSy
,orre- ard Distress The bare state pent
81 the rrppostiou with w. 10 mnd is ovs refots
ten IL the Law OF Christian people prneiots
which woIe hardly BE- oIe aee IN commonly 1er.
Tks tu.se. sa,ogs fItaon Mott the plstnch
Irss 1T ID undertaken Office ofehzy; they we're not 70
r,csve directly Indirectly -ounsnt FOR toets
roit. 10 AID 81; lse bad e gpsrdsns for ninos
the1 NJ depos with single eye 20 tns IN
perfect .curiy OF he fepostor The o.n IN CUES
ton hs,oe under iLsrpretsoa OF the charter ~~
ABLY be ssid to hsse insrssed b sepe,fios de oos
tie fund sequence. charged srn me tas
prot cfir rim b snis-f1i d>c,edssoo
the duty Of the court, 90 the eonrsry 20 az rht
have msde BY the uplsvfsl nsins o. inc L s1s.a.s
hi. oxb sn5 .nployios tn N in ne pn.sN "a :, 70
This ,H,l.r rule O. e9si'y y, -. .sai,y DO
,auity fefs therefore, csiinf Tor sny @ IN. o-ioco4l
Aver tbe p.uf6 at esst bhcf INTO a,s m ths
AZ 81 the naoo.ys shen h-.aase tsoush
trye the ~thsf iastrasness
h sss te hsrtles hes, anu nas'e Wv