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BENEFICIAL CORP. v. READING & SOUTHWESTERN ST. RY. CO.

No. 9958.

91 F.Supp. 803 (1950)

BENEFICIAL CORPORATION v. READING & SOUTHWESTERN STREET RY. CO. (CITY BANK & TRUST CO. OF READING, Intervener).

United States District Court, E. D. Pennsylvania.

June 29, 1950.

Attorney(s) appearing for the Case

William A. Schnader and Earl G. Harrison of Schnader, Harrison, Segal & Lewis, all of Philadelphia, Pa., for plaintiff.

Thomas I. Snyder of Snyder, Balmer & Kershner, of Reading, Pa., and Paul H. Rhoads of Rhoads & Sinon, of Harrisburg, Pa., for defendant.

P. Herbert Reigner, of Reading, Pa., for intervening defendant.

BARD, District Judge.

This is an action by Beneficial Corporation (hereinafter called Beneficial), a Delaware corporation, against the Reading and Southwestern Street Railway Company (hereinafter called Railway), a Pennsylvania corporation, for a declaratory judgment. The City Bank and Trust Company of Reading (hereinafter called Bank), holder as trustee of 54% or the majority of Railway's outstanding capital stock, intervened as a defendant. It is now before me on...

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