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NEW JERSEY BELL TELEPHONE COMPANY v. BOWER

No. 5700.

78 F.2d 1019 (1935)

NEW JERSEY BELL TELEPHONE COMPANY, Agincourt Land Corporation, Ocean City Water Service Company, Franklin Real Estate Company, Appellants, v. F. E. J. BOWER, Receiver of First National Bank of Ocean City, New Jersey, Appellee.

Circuit Court of Appeals, Third Circuit.

June 17, 1935.

Attorney(s) appearing for the Case

Thompson & Hanstein, of Atlantic City, N. J. (Walter Hanstein, of Atlantic City, N. J., of counsel), for appellants.

George R. Greis, of Ocean City, N. J., for appellee.

Before BUFFINGTON, DAVIS, and THOMPSON, Circuit Judges.

BUFFINGTON, Circuit Judge.

In the court below the four present appellants filed a bill against the receiver of the First National Bank of Ocean City. Therein they alleged that each of them had loaned the bank $12,500. The bill also averred the bank had given them a second mortgage on a property owned by its subsidiary, but that such mortgage had proved worthless. The bill prayed the court to "decree that the moneys loaned by these complainants herein referred to,...

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