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GENERAL BAKING CO. v. HARR

No. 559.

300 U.S. 433 (1937)

GENERAL BAKING CO. v. HARR, SECRETARY OF BANKING OF PENNSYLVANIA, ET AL.

Supreme Court of United States.

Decided March 29, 1937.

Attorney(s) appearing for the Case

Mr. George E. Beechwood, with whom Messrs. James S. Benn, Jr., Mark E. Lefever, J. Harry LaBrum, and William J. Conlen were on the brief, for petitioner.

Mr. Joseph S. Clark, Jr., with whom Mr. Charles J. Margiotti, Attorney General of Pennsylvania, was on the brief, for respondents.

MR. JUSTICE McREYNOLDS delivered the opinion of the Court.

Acting under Pennsylvania statutes, October 5, 1931, William D. Gordon, Secretary of Banking, (respondent Harr is his successor) closed the Franklin Trust Company, a banking institution in Philadelphia, and took control to its business and assets.

Thereafter in the United States District Court, Eastern District of Pennsylvania, petitioner, a New York corporation,

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