IN RE BANKERS' TRUST CO.

No. 12046.

27 F.2d 912 (1928)

In re BANKERS' TRUST CO.

District Court, N. D. Georgia, Atlanta Division.

August 4, 1928.


Attorney(s) appearing for the Case

Bryan & Middlebrooks, W. Colquitt Carter, Robert T. Jones, Jr., all of Atlanta, Ga., and Hall, Grice & Bloch and P. O. Holliday, all of Macon, Ga., for creditors.

Carl N. Davie, of Atlanta, Ga., and Orville A. Park, of Macon, Ga., for banking department, state of Georgia.


SIBLEY, District Judge.

The Bankers' Trust Company acted as financial agent for numerous banks, under written contracts with them. In order to rediscount the paper of these banks, and to procure original credit for them, it made a practice of guaranteeing, generally by a separate instrument, but sometimes by an endorsement of the notes, the paper put out by these banks. In one instance a bank was required to give a bond for the deposit of public money, a fidelity...

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