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TYLER COUNTY, TEX. v. BRANCH-MIDDLEKAUFF INV. CO.

No. 4962.

20 F.2d 504 (1927)

TYLER COUNTY, TEX., et al. v. BRANCH-MIDDLEKAUFF INV. CO. et al.

Circuit Court of Appeals, Fifth Circuit.

July 5, 1927.

Attorney(s) appearing for the Case

Oswald S. Parker, of Beaumont, Tex., for plaintiffs in error.

Chester I. Long and Austin M. Cowan, both of Wichita, Kan., and S. M. King, of Beaumont, Tex. (J. C. Jackson, of Beaumont, Tex., on the brief), for defendant in error Branch-Middlekauff Inv. Co.

Alex F. Weisberg, of Dallas, Tex., and John L. Hunt, of Topeka, Kan. (Thompson, Knight, Baker & Harris, of Dallas, Tex., and Wheeler, Brewster & Hunt, of Topeka, Kan., on the brief), for defendant in error Shawnee Inv. Co.

Before WALKER, BRYAN, and FOSTER, Circuit Judges.

FOSTER, Circuit Judge.

In June, 1921, on account of the suspension of the Tyler County State Bank, county depository, Tyler county, Tex., had no cash in its treasury with which to pay outstanding obligations and current expenses, its credit was destroyed, and some of its outstanding warrants were selling as low as 25 cents on the dollar. In this situation the county judge endeavored to interest a number of parties in the purchase...

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