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MELLON v. MICHIGAN TRUST CO.

No. 272.

271 U.S. 236 (1926)

46 S.Ct. 511

70 L.Ed. 924

MELLON, DIRECTOR GENERAL, v. MICHIGAN TRUST COMPANY, RECEIVER.

Supreme Court of United States.

Decided May 24, 1926.

Attorney(s) appearing for the Case

Mr. Sidney F. Andrews, with whom Messrs. A.A. McLaughlin, George M. Clapperton, and Charles M. Owen were on the brief, for appellant and petitioner.

Mr. Stuart E. Knappen for appellee and respondent.

MR. JUSTICE McREYNOLDS delivered the opinion of the Court.

Creditors of the Rathbone Manufacturing Company filed a bill against it in the United States District Court, Western District of Michigan, wherein they alleged its inability to pay lawful debts in due course, etc., and asked for a receiver. Answering, the corporation, (which was, in fact, insolvent,) admitted the allegations and gave consent to the relief prayed. Thereupon, the Michigan Trust Company was appointed...

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