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MARINE BANK v. KALT-ZIMMERS CO.

No. 148.

293 U.S. 357 (1934)

55 S.Ct. 226

79 L.Ed. 427

MARINE NATIONAL EXCHANGE BANK OF MILWAUKEE ET AL. v. KALT-ZIMMERS MANUFACTURING CO. ET AL.

Supreme Court of United States.

Decided December 10, 1934.

Attorney(s) appearing for the Case

Messrs. Leon E. Kaumheimer and George A. Affeldt, with whom Messrs. George D. Van Dyke and Douglass Van Dyke were on the brief, for petitioners.

Mr. Irving A. Fish for respondents.

MR. JUSTICE CARDOZO delivered the opinion of the Court.

In bankruptcy proceedings pending in Wisconsin, the petitioners, two Milwaukee banks, prayed an order of the court for permission to sell collateral securities pledged by the bankrupt. The subject of the pledge was bonds payable to bearer, secured by a deed of trust. The District Court refused the relief (6 F.Supp. 638), and the...

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