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EQUITABLE TRUST CO. OF NEW YORK v. DRASCOVICH

No. 4293.

3 F.2d 728 (1925)

EQUITABLE TRUST CO. OF NEW YORK v. DRASCOVICH et al.

Circuit Court of Appeals, Ninth Circuit.

February 2, 1925.

Attorney(s) appearing for the Case

Jared How, of San Francisco, Cal., and Murray, Aldrich & Roberts, of New York City, New York, for appellant.

F. M. Angellotti, C. W. Dooling, and Pillsbury, Madison & Sutro, all of San Francisco, Cal., for appellees.

Before GILBERT, MORROW, and RUDKIN, Circuit Judges.

MORROW, Circuit Judge.

In the proceedings commenced March 2, 1915, by the Equitable Trust Company of New York to foreclose the mortgage executed by the Western Pacific Railway Company to secure bonds to the amount of $50,000,000, the property of the Western Pacific Company was sold by the special master on June 28, 1916, for $18,000,000. The sale was confirmed by decree of confirmation July 1, 1916. Out of this sum of $18,000,000, and interest accrued while the foreclosure...

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