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BROWN v. UNITED STATES

No. 6548.

95 F.2d 487 (1938)

BROWN v. UNITED STATES.

Circuit Court of Appeals, Third Circuit.

March 2, 1938.

Attorney(s) appearing for the Case

Weill, Blakely & Nesbit, of Philadelphia, Pa. (Alfred S. Weill, of Philadelphia, Pa., Hugh Satterlee, of Washington, D. C., and Thorpe Nesbit, of Philadelphia, Pa., of counsel), for appellant.

James W. Morris, Asst. Atty. Gen., and Sewall Key, Lee A. Jackson, and Milton Carr Ferguson, Sp. Assts. to Atty. Gen., Alexander Tucker, of Washington, D. C., J. Cullen Ganey, U. S. Atty., of Bethlehem, Pa., and Thomas J. Curtin, Asst. U. S. Atty., of Philadelphia, Pa., for the United States.

Before DAVIS and THOMPSON, Circuit Judges, and DICKINSON, District Judge.

DICKINSON, District Judge.

The plaintiff-appellant made an investment in a mortgage of one John J. Dougherty, secured upon premises known as the "Four Corners Property." The mortgage was for $100,000, and was assigned to the appellant by a trust company for a consideration of about $98,000. Incidentally the assignor guaranteed the mortgage principal and interest. The mortgagor failed and died hopelessly insolvent, and the trust company guarantor also became insolvent...

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