Home/W.D. Pennsylvania/Bankers' Service Corp. v. Landis Christmas Savings Club Co.

Bankers' Service Corp. v. Landis Christmas Savings Club Co.

273 F. 717
CourtDistrict Court, W.D. Pennsylvania
DecidedOctober 15, 1920
DocketNo. 269-A
StatusPublished

This text of 273 F. 717 (Bankers' Service Corp. v. Landis Christmas Savings Club Co.) is published on Counsel Stack Legal Research, covering District Court, W.D. Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Bankers' Service Corp. v. Landis Christmas Savings Club Co., 273 F. 717 (W.D. Pa. 1920).

Opinion

WITHER, District Judge.

This suit was brought to enjoin infringement and to enforce accounting on letters patent No. 1,202,646, granted to plaintiff corporation, assignee of Merrill B. Barkley. The subject in controversy relates to a so-called improvement in coupon bank deposit hooks, calculated to facilitate making deposits in banks or other saving institutions. These books are commonly used in groups or series by so-called “clubs” of depositors in connection with a method or system for handling such accounts. Plaintiff’s patent application specifies that

“There has developed recently in banking circles a wide demand for various kinds of special savings accounts, known generally as Christmas clubs, vacation accounts, onting savings clubs, and the like, under which each depositor enters into an agreement with the bank whereby specified amounts are due to bo deposited at definite times, the bank in its turn at the expiration of the aggregate period, say at Christmas time, paying back a certain amount, usually the principal wholly or in part as may be agreed upon, with interest; the object of such a system being mainly to encourage thrift and regularity on the part of new and prospective patrons in developing the savings habit.
“Although this invention is especially applicable to savings accounts of the chara cl er stated, it is not limited thereto, but may be used to advantage for various other purposes wherein a ‘serial or multipartite transaction is involved, notably in connection with installment purchases, and the payment of rents, current service charges of a predetermina ble character, and the like. Such a system, in order to be convenient, efficient, and practical, required special means to facilitate accounting and to keep the party carrying the current. obligation informed as to the condition of his account and when payments are due.
“The main objects of this invention are to provide an improved system for use in connection with the making of a series of payments or deposits on account from time to time as may bo agreed upon; to provide an improved form of receipt book, having provision for indicating the amounts payable [718]*718by the holder at certain times, and having provision for the recording of receipts therein; to provide such a book, having coupons adapted when removed to serve as a record for the payee; to provide an improved form of bank deposit book, having means whereby the depositor or a bank clerk, upon inspecting the same, may see at a glance what payments have been made and what payments are coming due, with the dates thereof; to provide in such book a table including pay dates and amounts due, and showing certain group aggregates indicating the totals payable in certain longer periods; and to provide a coupon book of the character specified which, with a deposit, may he mailed under a two-cent stamp.
“An illustrative embodiment of this invention is shown in the accompanying’ drawings.”

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Related

Hollister v. Benedict & Burnham Manufacturing Co.
113 U.S. 59 (Supreme Court, 1885)

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Bluebook (online)
273 F. 717, Counsel Stack Legal Research, https://law.counselstack.com/opinion/bankers-service-corp-v-landis-christmas-savings-club-co-pawd-1920.