New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-04-16
COURT OF APPEALS.

CASE UNDER THE SAFETY FUND ACT or 1899.
In the matter Of the Reciprocity Bank.
This case, which has been recently argued in the
Court Of Appeals involves several interesting and mpOr
tsnt questions. ,o.,
which made subject 70 the SAFETY Fund law Of 1879 BY
which al banks chartered seI that d.ie were 0Issc 70 con
solvent which fund by the terms OF the act remained the
70 the csns Of their creditors This Bank Contributed
that fund.- from the date of is charter I'LL the Fs Of 1857
when declared insolyent and placed In the hsnds Of re-
ceiver under the lay Of lsis it, debts a.
its Of s kinds at some O and on that report the
assessing about IS per Of their stock and judgment
ipe the srts the result Of which is not on, deprive
Of the benefit Of the SAFETY Fund thus 2 and The PM
receiver to collect Of the solvent stockholders in full and use
From this judgment many the stockholders sppealed to the
The act u a9 which is said to authorize this apparently in
equitable proceeding was not passed BY wottd vote o. the
LegauIe required by the Constitution lz under which
the charter granted and IL is insisted by the appealing
stockholders that the law Of si9 unconstitutional as 10 this
to the benefits Of the Safety law which in terms
nor they mist by implication repealed by tbs law OF Sig
tbe Constitution Of 1876 making suing
S s e on G5 HSM 3 did So could
OF ref alter the chsrte or create this liability res.on no.
the provisions of the Uoeo States Constitution fooiddng
State TO pss sny law mpsTng the Obligation OF conaets and
Sac and the .toctSoidsrs Ba, wa. coneneed by re-
500 dent that Is the charter e1 reserved 70 as ,ne
else Of that gh 10 this the appellants objected that they
snc BY e pcyas Of the act Of 1915 standing aed and
that would be pspsoe violation Of the public faith to compel
the time depve Of be bee! of ae fund.- and the other
provisions Of the oct cresiinsit
DECIsfoSs
On Friday last the Court OF Appeals made tho fol-
lowing decisions: - .
JUG ements armed-ogdsn ss Peters and others Jewet
sg banning; Howell Hangered ct al with ten per cent
Bangs receiver sg skdnoe; Belmont sgt Coleman ct al
Gn ' hGdfs ss %h ss % ten PsT cent
dsmsges; Smith sgt Law with five cent damages National
at Cuyer; Ely at Kirkland; Hsigh sg Pnee Chussu ct
al set hiney execuoIj Bennett sgt JnJsoni Judd ag
OBIien al Drumgoh agt Drungold administrator Crom'
bft Bliss; Miller sgt Wife with i've pei cent d,I1sses Mar
heseJ executors s Se sasH OF
syacufe ss Robinson Pruyn ag Black with I'VE per cent
dsmsgcs Hammond sgt Zebner burnside sg.i WIns} wn
receiver eat Nelson et al Brown sg Hammond
with per cent dansges Bartlett ts Judd WIN Yen per es
9th Osweeo Stsch Factory AT Doiowsy ct IN tne mater
Ts5gsS soaS Of Ecs Of To5pius County ss Taylor
Ct al Rose sgt Bum ct al shapiey tgt FaIfeL c,,
Judgments reverted and new tiL ordered ny
es,engfY agt The City OF Buo Baker agi Higgins Mona
hon tIscutr egg New YoIA Central hAifoai Coupsn5 ny
AZ; Brown Jefsup Hus e. al bbank et 81 as Dennis
toni Moufe sst. WssiervsE, Sheriff, tc.
ftmed.-Tbo Peope set Wheeler etsl.
Order ,iiIa ed.-NOble agt Cromwell.
Judgment reversed judsmen for Special Tenn Affirmed
hotinson receiver sst bank Of Atlce -
OIer granting u4 reversed and Judgment OF special
Tenn snImed D, GIoh sg The American Linen Thread Com
hes sweet 1t al act. Barney President
~, 1o lsw rs r,ye.td ssS Judgment or report o. e'e
pspi new uisi eAfnse and judgment, ioI defendant
johnson Agt Wells French Agt HuntieS Hies sg
The Court made the following ordsri
Deoaona term Of the Court Of Appeals appointed 70 DO