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CENTRAL BANK v. UNITED STATES

No. 49825.

105 F.Supp. 992 (1952)

CENTRAL BANK v. UNITED STATES.

United States Court of Claims.

July 15, 1952.

Attorney(s) appearing for the Case

Llewellyn A. Luce, Washington, D. C., and George H. Koster, San Francisco, for plaintiff.

Joseph H. Sheppard, Washington, D. C., Ellis N. Slack, Acting Asst. Atty. Gen., Andrew D. Sharpe, Washington, D. C., on the brief, for defendant.

Before JONES, Chief Judge, and LITTLETON, WHITAKER, MADDEN and HOWELL, Judges.

LITTLETON, Judge.

On December 30, 1944, the Graham Ship Repair Company, a partnership of Oakland, California, hereinafter referred to as the Graham Company, entered into a contract with the Navy Department for certain ship repair work. After the execution of the contract, the Graham Company arranged with plaintiff, a banking institution, for the financing of the work under contract and as security for funds to be advanced, the Graham Company, on January 31, 1945,...

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