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LEONARD v. GAGE

No. 4219.

94 F.2d 19 (1938)

LEONARD et al. v. GAGE et al. KRUPNICK v. PEOPLES STATE BANK OF SOUTH CAROLINA et al.

Circuit Court of Appeals, Fourth Circuit.

January 4, 1938.

Attorney(s) appearing for the Case

Donald Russell, of Spartanburg, S. C. (R. Beverley Sloan, of Columbia, S. C., and C. W. McTeer, of Chester, S. C., on the brief), for appellants.

Christie Benet and E. W. Mullins, both of Columbia, S. C. (Benet, Shand & McGowan, W. M. Shand, and Nelson, Mullins & Grier, all of Columbia, S. C., on the brief), for appellees.

Before PARKER, NORTHCOTT, and SOPER, Circuit Judges.

PARKER, Circuit Judge.

This is an appeal in three consolidated causes in which the receivers of insolvent national banks are seeking to recover from the receivers of the insolvent Peoples State Bank of South Carolina the proceeds of bonds and other securities pledged by the national banks to secure deposits made with them by the receivers of the state bank. The facts are that the receivers appointed by the court below for the state bank deposited funds during the...

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