GIBSON, Chief Judge.
The National Bank of America at Pittsburgh was in the control of a Conservator and a reorganization was necessary. This was accomplished by depositors and creditors reducing their claims by 50 per centum and by the addition of cash. The new bank did not desire to include in its assets certain non-liquid assets of its predecessor, and the old bank thereupon transferred such assets to trustees to liquidate them. By the trust agreement the new bank...
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