As Supreme Court judge, Stuart found in favour of the Alberta government in a 1912 suit against the Royal Bank of Canada. In the aftermath of the Alberta and Great Waterways Railway scandal, the government had attempted to take control of money that had been raised from a bond issue in support of the Alberta and Great Waterways Railway, which had defaulted on its obligations.
In a 1912 case concerning the Alberta government and the Royal Bank of Canada, Supreme Court judge Stuart ruled in favor of the Alberta government following the financial scandal surrounding the Alberta and Great Waterways Railway. The government sought to reclaim funds raised through a bond issue intended for that railway's operations, which had defaulted on its payments.