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IN RE PRUDENCE CO.

No. 63.

92 F.2d 423 (1937)

In re PRUDENCE CO., Inc.

Circuit Court of Appeals. Second Circuit.

November 1, 1937.

Attorney(s) appearing for the Case

Larkin, Rathbone & Perry, of New York City (Henry E. Kelley and W. Frederick Knecht, both of New York City, of counsel), for appellant.

Thomas Cradock Hughes and Emanuel Celler, both of New York City (Irving L. Schanzer and Hubert Margolies, both of New York City, of counsel), for appellees.

Before MANTON and CHASE, Circuit Judges, and COXE, District Judge.

MANTON, Circuit Judge.

The Central Hanover Bank & Trust Company is a trustee under trust agreements dated July 1, 1925, and February 2, 1931, respectively, of the Prudence-Bonds Corporation, under which the Sixth Series of bonds and the Eighteenth Series of bonds of that corporation were issued and sold. By the terms of both trust agreements, the debtor herein guaranteed payment of principal and interest on the bonds when it became due and payable

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