FIRST NAT. BANK OF CHARLOTTE v. NAT. EXCHANGE BANK OF BALTIMORE


92 U.S. 122 (____)

FIRST NATIONAL BANK OF CHARLOTTE v. NATIONAL EXCHANGE BANK OF BALTIMORE.

Supreme Court of United States.


Attorney(s) appearing for the Case

Mr. J. Upshur Dennis and Mr. John Scott, Jr., for the plaintiff in error.

Mr. William F. Frick, contra.


MR. CHIEF JUSTICE WAITE delivered the opinion of the court.

The question presented for our consideration in this case is, whether a national bank, organized under the National Banking Act, may, in a fair and bona fide compromise of a contested claim against it growing out of a legitimate banking transaction, pay a larger sum than would have been exacted in satisfaction of the demand, so as to obtain by the arrangement a transfer...

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