THATCHER v. CHICAGO RYS. CO.

No. 3417.

4 F.2d 63 (1925)

THATCHER et al. v. CHICAGO RYS. CO. et al.

Circuit Court of Appeals, Seventh Circuit.

January 14, 1925.


Attorney(s) appearing for the Case

Henry S. Robbins, of Chicago, Ill., for appellants.

James M. Sheean, Francis J. Vurpillat, and Horace Kent Tenney, both of Chicago, Ill., for appellees.

Before ALSCHULER, EVANS, and PAGE, Circuit Judges.


PAGE, Circuit Judge.

The District Court dismissed for want of equity the bill of three holders of participation certificates series 1, issued in 1907 pursuant to the reorganization plan of the Chicago street railways. The claim is that one of the defendants, the Chicago Railways Company (called Railways Company) is unconditionally obligated to pay them the annual return alleged to be fixed by the plan.

Through a get-rich-quick scheme of one Yerkes, in which...

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