NATIONAL BULK CARRIERS v. UNITED STATES

Nos. 9573, 9574.

169 F.2d 943 (1948)

NATIONAL BULK CARRIERS, Inc. v. UNITED STATES (two cases). THE VIRGINIA.

Circuit Court of Appeals Third Circuit.

Decided August 23, 1948.


Attorney(s) appearing for the Case

J. Frank Staley, of Washington, D. C., (H. Graham Morison, Asst. Atty. Gen., Jess H. Rosenberg, Atty. Dept. of Justice, of Washington, D. C., and William Marvel, U. S. Atty., of Wilmington, Del., on the brief), for the United States.

Leonard J. Matteson, of New York City, (Abel Klaw, of Wilmington, Del., Bigham, Englar, Jones & Houston, of New York City, Joseph W. Henderson, of Philadelphia, Pa., and Julian S. Gravely, Jr. and Samuel D. Antopol, both of New York City, on the brief), for National Bulk Carriers.

Before BIGGS, McLAUGHLIN, and KALODNER, Circuit Judges.


McLAUGHLIN, Circuit Judge.

This appeal concerns the valuation of the steam tanker Virginia, known to have been torpedoed by enemy action, May 12, 1942. There are two subsidiary questions arising out of the interest allowed on the main sum; one of these is brought up by libellant's cross appeal, the other is in the main case.

At the time of the loss, the vessel was insured through the War Shipping Administration by...

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