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DRASCOVICH v. EQUITABLE TRUST CO. OF NEW YORK

No. 4267.

3 F.2d 724 (1925)

DRASCOVICH v. EQUITABLE TRUST CO. OF NEW YORK.

Circuit Court of Appeals, Ninth Circuit.

February 2, 1925.

Attorney(s) appearing for the Case

F. M. Angellotti and C. W. Dooling, both of San Francisco, Cal., for appellant.

M. A. Thomas, Jared How, and Pillsbury, Madison & Sutro, all of San Francisco, Cal., for appellee.

Before GILBERT, MORROW, and RUDKIN, Circuit Judges.

MORROW, Circuit Judge.

On June 28, 1916, all the property of the Western Pacific Railway Company was sold at a foreclosure sale under a first mortgage securing first mortgage 5 per cent. 30-year gold bonds of the Company in the sum of $50,000,000. The minimum price at which the property could be sold was fixed by the decree at $18,000,000. Francis Krull was appointed special master, to make the sale, receive the proceeds thereof, and apply such proceeds in accord...

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