Claflin v. South Carolina R.’s Empirical Analysis
8 F. 118 · 1880
Citation profile
3 federal appellate · 2 district · 2 state decisions
How this case has been cited
Cited by 13 later decisions — most recently April 1954
3 federal appellate · 2 district · 2 state decisions
Later decisions citing this case, by decade. The current decade is in progress, and our corpus holds fewer opinions from the most recent years, so the latest bars are undercounted — not a real decline.
Relationships
Relies on Ketchum v. Duncan
Most-quoted passages
The sentences later courts lift from this opinion, ranked by how many decisions quote each — the parts of the opinion doing the work. These counts are smaller than the citation total above because most of the 13 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
““Railroad bonds are a kind of public funds. They are put on the market and dealt in as such. They are treated as current until past due, or actually retired. The mortgages provide for the security of the particular bonds they describe, and the company puts the bonds out from time to time, as occasion requires. When a dealer finds such bonds, not yet due, in the hands of the company, with the proper certificate of the mortgagee trustee upon them, it has, I think, always been understood in the commercial world that he might buy in good faith, with safety. The security has been considered a continuing one, and the bonds negotiable by the company, so as to carry the mortgage security, until they have become commercially dishonored, or something else has been done to deprive the company of its power of putting them out. In my opinion, the subsequent mortgage is not sufficient for this purpose, unless it, in terms, limits the lien of the prior mortgage to bonds actually out, and provides against reissue.””
2 later decisions quote this exact passage““As against other bondholders secured by the same mortgage, T cannot believe there is a doubt of the power of the company to put out and keep out the entire issue up to the time the bonds became due. The contract with the individual bondholder was no more than that he shall have his due proportion of the security the mortgage on its face implies.””
2 later decisions quote this exact passage
How this case has been treated — in progress
Whether each later court followed, distinguished, criticized, or overruled this decision. The treatment classification (task #35) runs highest-cited cases first and lights up here as it reaches this one.