, 1877-07-19
THE COURTS.
Liability Of Stockholders OF lnsol.
vent National Banks.
Interesting Opinion by tho Federal
Supreme Court in New
Orleans Case.
A board nf Tralo Man Who Wants 10
Get Dack--.Tho Chicago T.
Pacific.
Unwonted Activity in the Divorce Market
Record Of Judgments and Few
Suits.
NATIONAL BANKS,


ou''''
NATIONAL nANvs.
1An,t1ry or rur,n ,TocKno,nras.
The following decision Of the Supreme Cont Of
tho United states. which is csnccisIJy interc.tfno
tn Chicago reader. in 80 "A, A. ~ ,".r. r,,oa
questions raised IN connection With tho Cook
lice swnyne. rhs ease VA. lint Of Nicholas ~ y.
1ass5. ~ heee'vss Of taO NV Orleans National
ia"s.a* Aseusinsoa' sa; 'eosnt"on1eao "s"e 1nc
p''" On and setoro .Ho"n tbe ii d,v ., 1Dn. ,ss.
thc Bank Of Sew t,r;,.an, ws banlIn,
sorporstion nrr,n,,ca nn,,.r ,ha ,,r. p~%s ~ ,ss
business Of hank,ng until abont tho 1st day Of
July. 1871. when tic bank By due proceedings m.
v'do national currency secured br pledge Of
culatton aud redemption thereof" approyrl
June i, 1SG3, bccauo National ff!anE.
iaa = As.esIat,oS s t sadsr sa'd :et + :onsfs:':
Orleans National BANKING Nsspcfatt1n. md cnrricG
On Tic bsiness Of baakIns mil l',a III nv II ns.
tober. fB1:g. when II fsifrd and IN snnnTca - nsv.
E1ent. N' - '"'~' "'A' '"7p'"0'0 way
Thcrcupon the comntro,lcr Of thc f,nrrrncv af,
ter due ptorecducs. lad sppoin.cl JteceIysi sur
,er ~ sct ~ vn u w. Pnt IN @ w.
acts amending il, snd the uisinssT Is sacl. I
HprNfYnf. htt0p 16Nfuifv fn,( upi,
the said ucs. by The coaytsstun Of 1"iS iSc
Hank Of New Orleans fntn snch lIanktmv
As:ocia.ion every holder Of ibo rharcs OF Tie cap
shareholder OF tho tnnitat stock OF said Now 0r.
leans banking Hssocjat!on 10 tho an,ount ns hs
sharc' aaa = !. .ueh ,ah|set y the lIab'e, H.
There il owing by the Aeaocation 10 II. rrcT,tnrs
large sums Of money liz assets usc insnfcicnt to
t,ay lie dcbts TO cuinrec tic liability q tho sh,rc
huI.cfs. Thc CotnptTuller hps 1cc,dc1 IT,,
II, #. ,s.l' ,nis ss 'sss; 5Sy: q Sa siSs III ~
ceiscr 10 cnfo,cy saeh l.aSly nsaIp.. enr .,ncs.
e nea i e s s s o9 &, q H. 4. e IT,
sdet into shares o tho par VA Saas s
o as 3; fts'n fs s Sn ss 1eset ts hf Kns s
rnu q The isilsre q d. Ass:satoa 4 II b v. t5e
tho pap yae nf Lilo ~ Sor casb s'pSx shs," o.
III reason thereof he isjiahIc to psy tbr ann Of
tklst sum mud In, rcf,.eT to d.; ao Tim nainti..
II lercfora entitled hy forca nr thc aistnt H. ~.
cnyer ths Nnfi nmr, ri al EGn w,tf ,nt"rcst n, sE
rnte Of Il prr cent ner nHmnms VIZ" - wv
Il vas aereeti hy tho narttcs That demurrer,
e,ea.. 5sp1lsst!en,. and o!hef Pteaains. :reh. Ss
Msfs Rs Fapsy to the order " which they
Tftirfrndant icmnrrcd In the der,oy,tfnr .na
a,.Isnsd tS following esu,es nus ae''':'0" @oa
ratcabjy and that iac ntoosr anount car ~ s.ears
tniHcd 1niy IN cnuity. ""'A"' s''' 's "'s'''
!. That tic defendant IL bouud to contribute
n III rcs ran ~ 'r n.ncs .hss ,xb s1 " IT, %
rsitahir nnI nrnnrr "Inrs MT arnr,r """' "o"" w
Il. T'hnt III" D. MnhiIvntinn ~ TX Ldnfo,5or, Il, u, -.
nto IN" hnus ~ H., nt a y 70 psy
ratcabc por1o Of the tIvs,ts Of n. ~ x,sncis,ioy?
n sl yosa ,sf nun, s sma tat I'M aesstaton does
'rhnt thc Hec,nrnjtnn ' de,usni. NJ = c,1o, .n,,
tban N" .,eSandant T. r.n,trsf IT, ~ tst. ",n ~
nav and nIsn NJ, ndfJtttm ii snr hv .s.s - ~, -.
e1t as; ~ ~ " '"' ''' ~ WY VI 'nteE~
~. H. -.,o.s j., H., Hu.. .,... .,.-. ,,
Il sn,jcisnt ~ sxv that EsnncIv ~ f,t:.n"' ! !
saii th,t r.. smnmrt ~ ba snniM re.t' 80 - teEo
n,rnt .md ,sesstion ~ I'm ~ n% Tn,,, rnia- s 3u9
nninrmir,sSnr r.nnnt " ~ h. ra..s, taa' ~
i'm .;octi,n,crs IL s"tm aurt,'.t u, "
sni thai xhrn thn nrcr ~ m soI'nr, ~ ,,i