Roxborough Trust Company's Case

Opinion by

Baldbige, J.,

This appeal is from a decree entered by the learned court below dismissing exceptions filed by the Secretary of Banking, receiver of the Roxborough Trust Company and directing the receiver to pay to R. Packer, also known as Rose Packer, the sum of $500.

It is necessary, for an understanding of this controversy, to state some of the underlying facts, which will reveal rather an unusual situation. In 1928 Harry Slass sold certain real estate to Hugh A. Wilson, who gave a second mortgage thereon to the Michael J. Davitt Building and Loan Association. To partly secure the…