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CHERRY COTTON MILLS v. UNITED STATES

No. 45885.

59 F.Supp. 122 (1945)

CHERRY COTTON MILLS, Inc., v. UNITED STATES.

Court of Claims.

March 5, 1945.

Attorney(s) appearing for the Case

Theodore B. Benson, of Washington, D. C., for plaintiff.

E. E. Ellison, of Washington, D. C., and Francis M. Shea, Asst. Atty. Gen. (Julian R. Wilheim, George E. Heidlebaugh, and S. R. Gamer, all of Washington, D. C., on the brief), for defendant.

Before WHALEY, Chief Justice, and LITTLETON, WHITAKER, JONES, and MADDEN, Judges.

MADDEN, Judge.

The plaintiff in 1936 made an application to The First National Bank of Florence, Florence, Alabama, for a loan of $110,000, to be evidenced by a note secured by certain collateral, with the understanding that the bank would request the Reconstruction Finance Corporation to agree to purchase a participation in the note. As a result of the negotiations, as set forth at length in the special findings of fact, the plaintiff executed a note for $110,000...

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