Media-69th Street Trust Company's Trust Mortgage Pool Case

Opinion by

Mr. Justice Barnes,

When the Secretary of Banking on September 30, 1933, entered into possession of the Media-69th St. Trust Company, a closed bank, located in Delaware County, he assumed charge of a trust mortgage pool that the Company had established. On the date the Trust Company closed, the assets of the pool consisted of 153 mortgages with an aggregate face value of $791,-696.71. Against these assets the Trust Company had issued mortgage participation certificates, which were held by trust estates of which the Trust Company was a trustee.

From the record it appears that it was…