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IN RE McCOWN

No. 10419.

31 F.2d 334 (1928)

In re McCOWN.

District Court, E. D. Pennsylvania.

November 24, 1928.

Attorney(s) appearing for the Case

J. Howard Reber and Roberts & Montgomery, all of Philadelphia, Pa., for trustees.

Howard H. Yocum, of Philadelphia, Pa., for petitioner.

KIRKPATRICK, District Judge.

Frank C. McCown, trading as McCown & Co., was a stockbroker and a member of the Philadelphia Stock Exchange. In the course of his business, he borrowed from J. S. Bache & Co., another member of the Stock Exchange, and as collateral for the loan pledged with Bache & Co. certain securities. For the purpose of this decision it is immaterial whether the securities were his own or those of his customers, and it may be assumed that...

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