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GARDNER v. CHICAGO TITLE CO.

No. 317.

261 U.S. 453 (1923)

GARDNER, AS TRUSTEE IN BANKRUPTCY OF O'GARA COAL COMPANY, v. CHICAGO TITLE & TRUST COMPANY, AS RECEIVER OF LA SALLE STREET TRUST & SAVINGS BANK.

Supreme Court of United States.

Decided April 9, 1923.

Attorney(s) appearing for the Case

Mr. Arthur M. Cox, with whom Mr. Henry M. Wolf and Mr. A.F. Reichmann were on the briefs, for petitioner.

Mr. Hiram T. Gilbert for respondent.

MR. JUSTICE HOLMES delivered the opinion of the Court.

This case arises in the matter of O'Gara Coal Company, bankrupt, upon a petition for a setoff presented by the trustee of the bankrupt estate. The respondent is the receiver of the La Salle Street Trust and Savings Bank. When the Coal Company became bankrupt in 1913, the Bank held its note for $15,000, with security. Between November 11, 1913, and June 11, 1914, the trustees...

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