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RAILROAD CREDIT CORP. v. FRUIT GROWERS' EXPRESS CO.

No. 6115.

71 F.2d 218 (1934)

RAILROAD CREDIT CORPORATION v. FRUIT GROWERS' EXPRESS CO.

Court of Appeals of the District of Columbia.

Decided April 30, 1934.

Attorney(s) appearing for the Case

Daniel Willard, Jr., Richard H. Wilmer, Douglas L. Hatch, and William J. Kane, all of Washington, D. C., for appellant.

Carl H. Richmond and John J. Carmody, both of Washington, D. C., for appellee.

Before MARTIN, Chief Justice, and ROBB, VAN ORSDEL, HITZ, and GRONER, Associate Justices.

PER CURIAM.

Appellant loaned Norfolk Southern Railroad Company, a Virginia corporation, $290,000 in March, 1932, and took as security 1,572 shares of stock of Fruit Growers' Express Company. In July, 1932, receivers of the railroad were appointed by the District Court of the United States for the Eastern District of Virginia. Receivers paid appellant the semiannual interest due on the debt September 28, 1932, but did not pay the interest due March 28, 1933. Appellant...

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