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PIEDMONT CORPORATION v. GAINESVILLE & N. W. R. CO.

30 F.2d 525 (1929)

PIEDMONT CORPORATION v. GAINESVILLE & N. W. R. CO.

District Court, N. D. Georgia.

January 31, 1929.

Attorney(s) appearing for the Case

Geo. M. Napier, Atty. Gen., and McMillan & Erwin, of Clarkesville, Ga., for the State of Georgia.

Wheeler & Kenyon, of Gainesville, Ga., for complainant.

Madison Richardson, of Atlanta, Ga., and Dean & Wright, of Gainesville, Ga., for investors.

Watkins, Asbill & Watkins, of Atlanta, Ga., for receiver.

Kelley & Kelley, of Gainesville, Ga., for judgment creditor.

Clint W. Hager, U. S. Atty., and C. P. Goree, Asst. U. S. Atty., both of Atlanta, Ga.

Ed Quillian, of Gainesville, Ga., for claimants.

SIBLEY, District Judge.

The Gainesville & Northwestern Railroad extends from Gainesville, Ga., where there are other railroads, northwardly through Hall and White counties, to the stone quarries of the Piedmont Corporation, serving the quarries and the intermediate territory as a common carrier. Its entire capital stock is owned by the Piedmont Corporation. In 1921 it became embarrassed by debt, and on January 3, 1922, the United States loaned it, under the provisions...

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