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TURNER v. RICHARDSON

No. 408.

180 U.S. 87 (1901)

21 S.Ct. 295

45 L.Ed. 438

TURNER v. RICHARDSON.

Supreme Court of United States.

Decided January 7, 1901.

Attorney(s) appearing for the Case

Mr. Frank L. Richardson and Mr. Frank Soule for the motion.

Mr. Henry L. Lazarus and Mr. J.N. Luce opposing.

MR. JUSTICE McKENNA delivered the opinion of the court.

The commercial firm of M. Schwartz & Company of the city of New Orleans was indebted to the American National Bank of that city on the 5th of August, 1896, in the sum of $88,600.16. To secure this indebtedness certain shares of the Schwartz Foundry Company and other securities were pledged to the bank.

Schwartz & Company became insolvent, and after proper...

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