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STATE-PLANTERS BANK v. PARKER

No. 166.

283 U.S. 332 (1931)

STATE-PLANTERS BANK & TRUST CO. ET AL. v. PARKER ET AL., TRUSTEES IN BANKRUPTCY.

Supreme Court of United States.

Decided April 20, 1931.

Attorney(s) appearing for the Case

Messrs. Percy S. Stephenson and Littleton M. Wickham, with whom Messrs. J. Jordan Leake and A.S. Buford, Jr., were on the brief, for State-Planters Bank & Trust Co. et al.

Mr. John W. Oast, Jr., with whom Mr. Leon T. Seawell was on the brief, for Parker et al.

MR. JUSTICE ROBERTS delivered the opinion of the Court.

The facts stated in the certificate follow.

July 1, 1925, Edwards-Slaughter Co., Inc., executed a deed of trust to State-Planters Bank and Trust Company to secure $60,000 in bonds, the payment of which was guaranteed by First National Company. It also executed and delivered to the bank its promissory note in the sum of $20,000, secured by a preferred maritime mortgage on

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