BETHLEHEM CO. v. ZURICH INS. CO.

No. 590.

307 U.S. 265 (1939)

BETHLEHEM STEEL CO. v. ZURICH GENERAL ACCIDENT & LIABILITY INS. CO.

Supreme Court of United States.

Reargued April 27, 1939.

Decided May 22, 1939.


Attorney(s) appearing for the Case

Mr. Frederick H. Wood, with whom Mr. Wm. D. Whitney was on the briefs, on the reargument and on the original argument, for petitioner.

Mr. Nathan L. Miller, with whom Messrs. W.W. Miller and Redmond F. Kernan, Jr. were on the briefs, on the reargument and on the original argument, for respondent in No. 590.

Mr. Harry Hoffman, with whom Mr. Clifford R. Schuman was on the briefs, on the reargument and on the original argument, for respondents in No. 591.

By leave of Court, briefs of amici curiae were filed by Solicitor General Jackson, Messrs. Paul A. Freund, Edward H. Foley, Jr., Bernard Bernstein, John W. Pehle, and Joseph B. Friedman, on behalf of the United States, urging applicability of the Joint Resolution to the obligations involved; and by Messrs. Arthur B. Weiss and Abraham L. Pomerantz, urging affirmance in No. 590.


MR. JUSTICE BLACK delivered the opinion of the Court.

As did Nos. 384 and 495, this day decided, ante, p. 247, these cases involve efforts to enforce foreign currency provisions of bond obligations payable in money of the United States and optional fixed amounts of foreign currencies. The obligations are essentially similar to those in Nos. 384 and 495, but differ in two respects: (1) the bonds, originally sold in this country to a group of bankers,

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