PORT NEWARK NAT. BANK OF NEWARK v. WALDRON

Nos. 4485, 4493.

46 F.2d 296 (1930)

PORT NEWARK NAT. BANK OF NEWARK v. WALDRON. PETERSON v. SAME.

Circuit Court of Appeals, Third Circuit.

October 29, 1930.


Attorney(s) appearing for the Case

Walter D. Van Riper, of Newark, N. J. (Geo. W. Jaques and Edward N. Perkins, both of New York City, of counsel), for appellant Peterson.

Leonard K. Guiler, of Pittsburgh, Pa., and Harry D. Gross, and Horace S. Cory, both of Newark, N. J., for appellant Port Newark Nat. Bank.

Arthur T. Vanderbilt, of Newark, N. J., for appellee.

Before BUFFINGTON, WOOLLEY, and DAVIS, Circuit Judges.


BUFFINGTON, Circuit Judge.

These are appeals by the Port Newark National Bank of Newark, N. J., and F. Raymond Peterson, appointed receiver of the bank by the Comptroller of the Currency, from an order of the court below ousting him from the possession of the property, and assets of said bank. The facts in the case are these: The national bank in question was in grave financial difficulties when on August 7, 1930, L. K. Roberts, Chief National Bank Examiner, in pursuance...

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