PENNSYLVANIA TRUST CO. v. BILLMAN

Nos. 4722, 4727.

61 F.2d 382 (1932)

PENNSYLVANIA TRUST CO. v. BILLMAN et al. BILLMAN et al. v. PENNSYLVANIA TRUST CO.

Circuit Court of Appeals, Third Circuit.

September 27, 1932.


Attorney(s) appearing for the Case

Cyrus G. Derr and H. F. Kantner, both of Reading, Pa., for Pennsylvania Trust Co.

Percival H. Granger, of Philadelphia, Pa., Robert G. Bushong and Samuel E. Bertolet, both of Reading, Pa., and Reber, Granger & Montgomery, of Philadelphia, Pa., for George W. Billman and another.

Before BUFFINGTON, WOOLLEY, and DAVIS, Circuit Judges.


DAVIS, Circuit Judge.

Both parties appealed in this case from a decree of the District Court sustaining in part and overruling in part exceptions to the findings of the special master.

The Schwartz Motor Truck Corporation was in poor financial condition in the summer of 1923, and so on September 30th of that year it stopped its business of assembling motortrucks, and later leased its plant in Reading, Pa., to the Clinton Motors Corporation for five years from...

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