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ILLINOIS CENT. R. CO. v. RAWLINGS

No. 6679.

66 F.2d 146 (1933)

ILLINOIS CENT. R. CO. v. RAWLINGS. RAWLINGS v. ILLINOIS CENT. R. CO.

Circuit Court of Appeals, Fifth Circuit.

Rehearing Denied August 16, 1933.

Attorney(s) appearing for the Case

Edward W. Smith, of Clarksdale, Miss., and Chas. N. Burch, of Memphis, Tenn., for appellant.

J. L. Roberson and Sam C. Cook, both of Clarksdale, Miss., for appellee.

Before BRYAN, SIBLEY, and HUTCHESON, Circuit Judges.

HUTCHESON, Circuit Judge.

Under circumstances differing in detail, but not in substance and effect, from those in Texas & P. Ry. Co. v. Pottorff (C. C. A.) 63 F.2d 1, the Planters' National Bank, in order to secure the continuance with it of the Illinois Central Railroad Company as a general depositor, pledged with that company certain securities. At this time, December, 1928, the bank was not in difficulties. The pledge agreement...

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