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KELLEY v. GILL

No. 411.

245 U.S. 116 (1917)

38 S.Ct. 38

62 L.Ed. 185

KELLEY, TRUSTEE OF THE GIBRALTAR INVESTMENT AND HOME BUILDING COMPANY, BANKRUPT, v. GILL.

Supreme Court of United States.

Decided November 5, 1917.

Attorney(s) appearing for the Case

Mr. Wm. B. Ogden and Mr. Ralph E. Esteb for appellant.

Mr. William Ona Morton, Mr. Porter C. Blackburn and Mr. A.L. Abrahams for appellee.

MR. JUSTICE BRANDEIS delivered the opinion of the court.

The Gibraltar Investment and Home Building Company, a California corporation with a capital stock of $2,000,000 divided into 20,000,000 shares of ten cents each, was adjudicated a bankrupt in the Southern District of that State. Its debts were about $150,000. Its assets consisted of amounts aggregating $480,971.23 unpaid and overdue on subscriptions to its stock. The...

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