Nashua Savings Bank v. Anglo-American Land Mortgage Agency Company

This was an action by the defendant in error, a British corporation, in the circuit court for the district of New Hampshire, against the Nashua Savings Bank, a New Hampshire corporation, to recover an assessment made by such corporation in pursuance of its charter and by-laws, upon defendant's subscription to a thousand shares of its stock.

The case was tried before the circuit judge and a jury, and resulted in a verdict for the plaintiff by direction of the court, and a judgment against the bank in the sum of $7,131.10, which was affirmed on writ of error by the circuit court of appeals. 48 C. C. A. 15, 108 Fed. 764.

Messrs. John S. H. Frink and A. T. Batchelder for petitioner.

[Argument of Counsel from pages 222-224 intentionally omitted]

Messrs. Omar Powell, Gilbert A. Davis, and Daniel L. Cady for respondent.

[Argument of Counsel from pages 224-227 intentionally omitted]

Mr. Justice Brown delivered the opinion of the court: