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SCHLOSS v. POWELL

No. 4231.

93 F.2d 518 (1938)

SCHLOSS et al. v. POWELL et al.

Circuit Court of Appeals, Fourth Circuit.

January 4, 1938.

Attorney(s) appearing for the Case

George M. Lanning, of Norfolk, Va. (Baird, White & Lanning, of Norfolk, Va., and Edward R. Baird, of Norfolk, Va., on the brief), for appellants.

W. R. C. Cocke, of Norfolk, Va. (Tazewell Taylor, of Norfolk, Va., and Harold J. Gallagher, of New York City, on the brief), for appellees.

Before PARKER, NORTHCOTT, and SOPER, Circuit Judges.

SOPER, Circuit Judge.

When the Seaboard Air Line Railway Company went into the hands of receivers on December 23, 1930, the City Bank Farmers Trust Company in New York held a sum of money which had been sent to it for the payment, when due, of coupons on bonds issued by the railway company but never paid out because certain bondholders had failed to present their overdue coupons. The question in the case is whether this money belonged to the railway company and was...

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