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PAINE v. TRUSTEES OF MACALESTER COLLEGE

7 F.2d 174 (1925)

PAINE et al. v. TRUSTEES OF MACALESTER COLLEGE et al.

District Court, D. Minnesota, Third Division.

Judgment Amended June 30, 1925.

Attorney(s) appearing for the Case

Selover, Schultz, Mansfield & Bryan, of Minneapolis, Minn., for plaintiffs.

Bishop H. & Paul D. Schriber, of St. Paul, Minn., for defendant.

JOHN B. SANBORN, District Judge.

The plaintiffs, Paine, Webber & Co., are and were a partnership engaged in selling securities. The Capital Trust & Savings Bank is a trust company of Minnesota, and was, up to May 3d of last year, at which time it was closed by the superintendent of banks, engaged in business as such. The Trustees of Macalester College is and was a corporation engaged in maintaining an educational institution, and will be referred to as "the...

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