No. 74.

350 U.S. 383 (1956)

76 S.Ct. 416

100 L.Ed. 441


Supreme Court of United States.

Decided March 5, 1956.

Attorney(s) appearing for the Case

John F. Davis argued the cause for the United States. With him on the brief were Solicitor General Sobeloff, Assistant Attorney General Holland, Ellis N. Slack, A. F. Prescott and Fred E. Youngman.

Bruce M. Casey, Jr. argued the cause for respondent. With him on the brief was Walter C. Fox, Jr.

Chester Rohrlich filed a brief for Rayonier Incorporated, as amicus curiae, urging affirmance.

MR. JUSTICE HARLAN delivered the opinion of the Court.

On February 1, 1949, Leslie Salt Company, being in need of funds to meet maturing bank loans and for working capital, borrowed $3,000,000 from the Mutual Life Insurance Company of New York and $1,000,000 from the Pacific Mutual Life Insurance Company. As evidence of the indebtedness Leslie Salt delivered to each insurance company its "3 1/4% Sinking Fund Promissory Note...

Let's get started


Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases