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THE EASTERN SHORE

No. 2353.

31 F.Supp. 964 (1940)

THE EASTERN SHORE. THE LEXINGTON. THE PIANKATANK. RECONSTRUCTION FINANCE CORPORATION v. NEW CASTLE TERMINAL CO.

District Court, D. Maryland.

March 12, 1940.

Attorney(s) appearing for the Case

Theodore R. Dankmeyer, of Baltimore, Md. (Niles, Barton, Morrow & Yost, of Baltimore, Md., of counsel), for R. F. C.

John H. Skeen, of Baltimore, Md. (Beeuwkes, Skeen & Oppenheimer, of Baltimore, Md., of counsel), for Chesapeake Marine Ry., Redman-Vane Co., and Brown.

Edward L. Parlett, of Baltimore, Md., for the Fitzgeralds.

G. VanVelsor Wolf, of Baltimore, Md. (Marbury, Gosnell & Williams, of Baltimore, Md., of counsel), for Curtis Bay Towing Co. and Donaldson Co.

CHESNUT, District Judge.

The controversy in this case is between the holder of a statutory preferred ship mortgage (see Title 46, U.S.Code, § 911 et seq., 46 U.S.C.A. § 911 et seq.) and preferred maritime liens as defined in section 953 of Title 46, U.S.Code, 46 U.S.C.A. § 953.

Under date of May 25, 1938 the New Castle Terminal Company made a preferred ship mortgage to the Reconstruction Finance Corporation as security for a loan of eighty thousand...

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