Selden v. Equitable Trust Co. - 94 U.S. 419 (1876)
U.S. Supreme Court
Selden v. Equitable Trust Co., 94 U.S. 419 (1876)
Selden v. Equitable Trust Co.
94 U.S. 419
A corporation whose business is confined to the investment of its capital in bonds secured by mortgage on real estate and to the negotiation, sale, and guaranty of them is not a bank or a banker within the meaning of sec. 3407 of the Revised Statutes.
The facts are stated in the opinion of the Court.