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GUARANTY TITLE CO. v. U.S.

No. 109.

264 U.S. 200 (1924)

GUARANTY TITLE & TRUST CORPORATION, RECEIVER OF VUE DE L'EAU COMPANY, v. UNITED STATES.

Supreme Court of United States.

Decided February 18, 1924.

Attorney(s) appearing for the Case

Mr. E.R.F. Wells for appellant.

Mr. H.H. Rumble for Norfolk-Hampton Roads Company, appellee.

Mr. Solicitor General Beck and Mr. Alfred A. Wheat, Special Assistant to the Attorney General, filed a brief on behalf of the United States.

MR. JUSTICE BUTLER delivered the opinion of the Court.

In 1873, the Vue de L'Eau Company, a Virginia corporation, owned a tract of about 294 acres at Hampton Roads, Virginia. It platted the "Prize Lot Reserve" (hereinafter called the "Reserve"), containing 4.55 acres, into lots and streets. In January, 1874, after having sold seven of these lots, it made an assignment for the benefit of its creditors and conveyed to trustees all of its land except the Reserve. Then...

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