CONCORD FIRST NATIONAL BANK v. HAWKINS

No. 187.

174 U.S. 364 (1899)

19 S.Ct. 739

43 L.Ed. 1007

CONCORD FIRST NATIONAL BANK, v. HAWKINS.

Supreme Court of United States.

Decided May 15, 1899.


Attorney(s) appearing for the Case

Mr. Frank S. Streeter for the Concord National Bank submitted on his brief.

Mr. John G. Carlisle for Hawkins. Mr. J.W. Kern was on his brief.


MR. JUSTICE SHIRAS, after making the above statement, delivered the opinion of the court.

The questions presented for our consideration in this case are whether one national bank can lawfully acquire and hold the stock of another as an investment, and, if not, whether, in the case of such an actual purchase, the bank is estopped to deny its liability, as an apparent stockholder, for an assessment on such stock ordered by the Comptroller of the Currency.

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