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FARMERS' BANK v. RIDGE AVE. BANK

No. 291.

240 U.S. 498 (1916)

36 S.Ct. 461

60 L.Ed. 767

FARMERS' & MECHANICS' NATIONAL BANK OF PHILADELPHIA v. RIDGE AVENUE BANK.

Supreme Court of United States.

Decided April 3, 1916.

Attorney(s) appearing for the Case

Mr. J. Frank Staley for Farmers' & Mechanics' National Bank.

Mr. Frank R. Savidge for Ridge Avenue Bank.

MR. CHIEF JUSTICE WHITE delivered the opinion of the court.

The essential facts stated in the certificate of the court below are these: The firm of William Gray & Sons and its three partners, William J. Gray, Peter Gray and Alexander J. Gray, were adjudged bankrupts. The same person was appointed trustee of the four estates. It resulted from charging separately against each estate the mere necessary and unquestioned expenses...

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