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GREEN-FULTON-CUNNINGHAM CO. v. SECURITY TRUST CO.

No. 4166.

4 F.2d 313 (1925)

GREEN-FULTON-CUNNINGHAM CO. et al. v. SECURITY TRUST CO.

Circuit Court of Appeals, Sixth Circuit.

March 4, 1925.

Attorney(s) appearing for the Case

Bela J. Lincoln, of Detroit, Mich. (Clark, Emmons, Bryant & Klein, of Detroit, Mich., on the brief), for appellants.

Samuel R. Williams, of Detroit, Mich. (Stevenson, Carpenter, Butzel & Backus, of Detroit, Mich., on the brief), for appellee.

Before DONAHUE and MACK, Circuit Judges, and ROSS, District Judge.

MACK, Circuit Judge.

C. H. Wills & Co., manufacturers of automobiles, were in financial difficulties in the summer of 1921. On August 17, 1921, the then creditors, banking institutions, having claims of $4,500,000, made additional loans under an agreement whereby their old claims were to be secondary and subordinate to all future indebtedness of C. H. Wills & Co. for money thereafter loaned, not exceeding $1,500,000, and to indebtedness of C. H. Wills &...

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