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FEDERAL RESERVE BANK OF PHILADELPHIA v. ALGAR

No. 6425.

100 F.2d 941 (1938)

FEDERAL RESERVE BANK OF PHILADELPHIA v. ALGAR et al.

Circuit Court of Appeals, Third Circuit.

On Reargument January 6, 1939.

Attorney(s) appearing for the Case

C. L. Cole, of Atlantic City, N. J., James S. Clifford, Jr., and MacCoy, Brittain, Evans & Lewis, all of Philadelphia, Pa., and Cole & Cole, of Atlantic City, N. J., for appellant.

Allen B. Endicott, Jr., and Endicott & Endicott, all of Atlantic City, N. J., for appellees.

Before BUFFINGTON and BIGGS, Circuit Judges, and WATSON, District Judge.

BUFFINGTON, Circuit Judge.

In the court below the Federal Reserve Bank of Philadelphia (hereafter called Federal) brought suit against the defendants to recover on a note given by them to the Atlantic City National Bank, Atlantic City, N. J. (hereafter called Bank), which note was thereafter discounted and owned by Federal. On trial there was a verdict for defendants and on entry of judgment Federal took this appeal, and the question involved is whether the court...

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