Summary

Portrait of David Josiah Brewer David Josiah Brewer Henningsen v. United States Fidelity Guaranty Company…

The sole question, therefore, is whether the equitable lien which the bank claims it has without reference to the question of its subrogation is paramount to the right of subrogation which unquestionably exists in favor of Hitchcock. In other words, the rights of the parties depend upon whether Hitchcock's subrogation must be considered as arising from and relating back to the date of the origianl contract, or as taking its origin solely from the date of the advance by him.'
It seems unnecessary to again review the authorities.
Source: Wikisource

Portrait of David Josiah Brewer David Josiah Brewer Henningsen v. United States Fidelity Guaranty Company…

In May, 1890, Sundberg & Company defaulted in the performance of this contract and Hitchcock, as surety, without any knowledge of the alleged rights of the bank, assumed the completion of the contract and disbursed therein about $15,000 in excess of the current payments from the govenment. In a contest between Hitchcock and the Prairie Bank it was held that Hitchcock had the superior euqity, and the judgment of the court of claims in his favor for the amount still due from the government was affirmed.
Source: Wikisource

Get perspective with Kwize: daily news enlightened by great literature