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UNITED STATES v. GRIDLEY

No. E-5029.

52 F.Supp. 398 (1943)

UNITED STATES et al. v. GRIDLEY et al.

District Court, D. New Jersey.

October 22, 1943.

Attorney(s) appearing for the Case

Charles M. Phillips, U. S. Atty., of Trenton, N. J., for the United States.

Evans, Bayard & Frick, by Philip H. Strubing, all of Philadelphia, Pa., for Reconstruction Finance Corporation.

Frederick M. P. Pearse, of Newark, N. J., Catesby L. Jones, of New York City, and George S. Pearse, of Newark, N. J., for Minerva Spruance Bailey.

FORMAN, District Judge.

This is a representative suit brought by plaintiffs to enforce the liabilities of certain stockholders of Central Republic Trust Company, an Illinois state bank, arising under Section 6 of Article XI of the Illinois constitution, Smith-Hurd Stats., and Section 6, Chapter 16½ of the Illinois Bank Act, Smith-Hurd Stats. The original action was commenced in the United States District Court for the Northern District of Illinois where the majority...

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