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IN RE COMMERCIAL NAT. BANK OF PHILADELPHIA

No. M. 418.

54 F.Supp. 570 (1944)

In re COMMERCIAL NAT. BANK OF PHILADELPHIA.

District Court, E. D. Pennsylvania.

March 10, 1944.

Attorney(s) appearing for the Case

Josef Jaffe, C. Russell Phillips, and Charles T. Bonos, Jr., all of Philadelphia, Pa., for Pennsylvania Insurance Commissioner, ancillary receiver of National Surety Co.

J. Howard Reber, of Philadelphia, Pa., amicus curiae.

Swartz, Campbell & Henry, of Philadelphia, Pa., for Maryland Casualty Co.

Williams, Brittain & Sinclair, of Philadelphia, Pa., for Federal Reserve Bank of Philadelphia.

Maurice W. Sloan, of Philadelphia, Pa., for respondent.

KIRKPATRICK, District Judge.

This case is before the court on petition by Maryland Casualty Company to direct the payment to it of a dividend paid to the Clerk of this Court by the liquidator of the insolvent Commercial National Bank of Philadelphia. The answer admits the facts and the essential part of the story follows, the amounts mentioned being round figures.

When the Commercial National Bank closed on February 28, 1933 it had on deposit $100,000 of bankruptcy...

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