NEW YORK TRUST CO. v. PALMER

Attorney(s) appearing for the Case

J. H. Gardner, Jr., of New Haven, Conn., for appellees.

Miller, Owen, Otis & Bailly, of New York City (Edward C. Bailly and Howard C. Wood, both of New York City, of counsel), for appellant.

C. M. Clay, Asst. Gen. Counsel, of Washington, D. C. (Claude E. Hamilton, Jr., Gen. Counsel, Reconstruction Finance Corporation, and Daniel Willard, Jr., Gen. Counsel, Railroad Credit Corporation, both of Washington, D. C., and Raymond E. Hackett, of Stamford, Conn., of counsel), for Reconstruction Finance Corporation.

Mudge, Stern, Williams & Tucker, of New York City (A. M. Williams, Paul D. Miller, and George E. Buchanan, all of New York City, of counsel), for Group of Banks Holding Collateral Notes of the New York, New Haven and Hartford Railroad Company.

Before L. HAND, SWAN, and CHASE, Circuit Judges.