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EQUITABLE TR. CO. v. FIRST NAT. BANK

No. 130.

275 U.S. 359 (1928)

48 S.Ct. 167

72 L.Ed. 313

THE EQUITABLE TRUST COMPANY OF NEW YORK, TRUSTEE IN BANKRUPTCY OF KNAUTH, NACHOD & KUHNE, v. THE FIRST NATIONAL BANK OF TRINIDAD, COLORADO.

Supreme Court of United States.

Decided January 3, 1928.

Attorney(s) appearing for the Case

Mr. Godfrey Goldmark, with whom Mr. Ralph F. Colin was on the brief, for petitioner.

Mr. George Trosk, with whom Messrs. William DeForest Manice and Allen R. Memhard were on the brief, for respondent.

MR. JUSTICE HOLMES delivered the opinion of the Court.

Knauth, Nachod and Kuhne being in bankruptcy, the respondent, The First National Bank of Trinidad, Colorado, claimed priority in respect of certain funds collected by the trustee in bankruptcy, the petitioner, from the Banca Commerciale Italiana; the ground of the claim being that these funds were charged with a trust in the hands of the Italian bank. The respondent prevailed...

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