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MERCHANTS' NATIONAL BANK v. COOK

95 U.S. 342 (____)

MERCHANTS' NATIONAL BANK v. COOK.

Supreme Court of United States.

Attorney(s) appearing for the Case

Mr. Stanley Matthews for the appellant.

Mr. Edgar M. Johnson, contra.

MR. JUSTICE HUNT delivered the opinion of the court.

This action is brought by the assignees of B. Homans, Jr., to recover from the Merchants' Bank certain securities, or their value, received by the bank from Homans. The securities are alleged to have been received in violation of the thirty-fifth section of the Bankrupt Act. That Homans was insolvent when the securities were delivered is not denied, but the bank insists that it had no reasonable cause to believe...

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