Louise S. Rees, et al. v. First National Bank of Chattanooga, et al.

Order: 
Supreme Court Case Name: 
Louise S. Rees, et al. v. First National Bank of Chattanooga, et al.
Case Date: 
1936
Court Origin: 
Chancery
Cause/Crime: 
Breach of Trust

Database - TN Research:

County:

Division: 
East
Number of Pages: 
247
Notes / Description: 

Chattanooga Savings Bank & Trust, forerunner of 1st Nat'l. Bank, was trustee of estate of Benjamin Franklin Rees (d. 1907). Income from bank's investments to go to brothers & Erlanger Hosp. Investment properties fizzled, so family sued. Reconstruction Finance Corporation had a role, so case could be helpful in researching Depression & banking. M. H. Silverman had questionable involvement. Testimony: N. J. Simmons, E. H. Lawman, A. A. Dragoo, Taylor Durham, I. D. Strong, G. L. Nichols, C. H. Buck.