In re Liquidation of the Metropolitan Bank & Trust Co.
In re Liquidation of the Metropolitan Bank & Trust Co.
Opinion of the Court
This cause comes to this court on appeal from the common pleas court upon a judgment entered in favor of The Second National Bank of Cincinnati, Ohio, on its intervening petition. Said intervening petition states that said bank is the owner and holder of a certain promissory note, setting out a copy thereof, signed as follows: “Chas. Herbert Jones, Leslie Webb, John A. Ringgold, H. H. Friend, cashier, T. F. McClure, trustee, T. F. McClure, C. W. Bruns, John J. Bruce.”
“This intervenor says that on or about the 29th day of August, 1908, The Metropolitan Bank & Trust Company desired to borrow from The Second National Bank of Cincinnati, the sum of $20,000 and presented to said Second National Bank the note above set forth as its note. That this applicant received said note as the note of the said Metropolitan Bank & Trust Company, and paid to said company said sum of $20,000. That said company has paid the interest on said note at the times shown by the endorsements thereon.”
The petition then states that said Metropolitan Bank is now in liquidation; that upon a certain date the applicant presented to the superintendent of banks a duly authenticated and verified statement of said claim, and asked that said claim be allowed as a valid claim against The Metropolitan Bank & Trust Company, and that the same was rejected. The petitioner then prays that the court “may adjudge said claim to be a valid claim against The Metropolitan Bank & Trust Company, and order said Frank E. Baxter as such superintendent of banks in charge of the assets of said company to allow the same as a valid claim, entitled to dividends from the assets of said company, and for all other relief proper in the premises.”
By agreement the cause was submitted to this court upon a transcript made of the testimony given in the court of common pleas. Objection is made to the admission of all the evidence con
We are not inclined to think that the court would be justified in excluding the evidence objected to. The intervening petition alleges and the notes show that one of the signatures thereon was that of “H. H. Friend, Cashier;” another signature is that of “T. F. McClure, Trustee;” the remaining signatures seemed to be individual signatures. We are of opinion that the signature of Mr. Friend as cashier may be explained by parol evidence; and that the minutes of the directors’ meetings may be offered, for that purpose. Upon that ground, therefore, a great deal of the evidence objected to becomes admissible.
Again, this is not an action at law. There is no prayer for a money judgment and the case is
Upon the evidence therefore we think the claim must be allowed, and the prayer of the intervenor will be granted.
Judgment accordingly.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.