Joseph Ruohs v. Third National Bank of Chattanooga, et al.

Order: 
Supreme Court Case Name: 
Joseph Ruohs v. Third National Bank of Chattanooga, et al.
Case Date: 
1893
Court Origin: 
Chancery
Cause/Crime: 
Breach of Trust

Database - TN Research:

County:

Division: 
East
Number of Pages: 
355
Notes / Description: 

Ruohs purchased 22 bonds of $1k each issued by the town of Athens, in order to by shares of $22k in stock in the Nashville & Tellico Railroad Company, meant to mature in 20 years. Ruohs accuses bank officers John A. Hart, William H. Hart, and W. E.Baskett of selling bonds which they knew to be faulty, insolvent, and possibly invalid. See additional case of Joseph Ruohs v. Town of Athens et al. in box ET 1776 related to the same 22 bonds (480 pages).