Show National Banks WASHINGTON Oct 12The Pacific National Na-tional Bank cases which were under argument argu-ment in the Supreme Court of the United States today are of interest to a large number of persons especially In Massachusetts Massachu-setts inasmuch as they involve the question of the liability of the stockholders of the insolvent Pacific National Bank of Boston for the amount of stock subscribed by them when the capital stock of the bank was increased in-creased from 5CO000 to 1000CC3 in September Sep-tember 1881 The appealing stockholders contend that the capital stock of the bank never was validly increased to 1000000 that the attempt on the part of the directors and Comptroller of the Currency in September Septem-ber 1883 to fix the capital stock at 901300 was contrary to law and void and that consequently con-sequently the shares of the socalled new stock on which they issued never had any legal existence The court below decided against them |