The U.S. Supreme Court case Wingert v. First National Bank of Hagerstown in 1911 revolved around a dispute over the interpretation of a will and testament, specifically regarding bonds that were part of an estate's assets. The decedent had left instructions for his executors to convert all personal property into money at their discretion, but did not specify whether this included the bonds or if they should be distributed as is to beneficiaries. The lower court ruled that the executors could sell these bonds and distribute cash instead; however, one beneficiary disagreed with this decision and appealed it up to the Supreme Court. The Supreme Court reversed the lower court’s ruling stating that unless explicitly stated otherwise in a will, securities like stocks or bonds are considered tangible personal property rather than intangible assets such as cash value. Therefore, they must be transferred directly according to terms set out by the deceased person's will without being converted into money first by executors unless there was explicit instruction from decedent allowing them do so.

The dissenting opinion in the case of Wingert v. First National Bank of Hagerstown argued that the majority's decision was inconsistent with previous rulings and principles established by the court. The justice disagreed with the interpretation that a national bank could not be sued in any other county than where it is located, stating this would unfairly limit plaintiffs' ability to seek legal recourse. They contended that such an interpretation contradicts Congress’s intent when drafting legislation related to national banks, which aimed at providing equal rights and privileges among all banking institutions without giving undue advantage or imposing unnecessary restrictions on either class. Furthermore, they pointed out inconsistencies between this ruling and earlier decisions regarding similar issues involving corporations. The dissenting justice believed these precedents should have guided the court towards allowing suits against national banks in counties other than their principal place of business.