Spellmire v. Third Nat. Bank

GIBSON, District Judge.

The plaintiffs were stockholders of The Third National Bank of Pittsburgh, who, after assessment by the Comptroller, paid to the receiver the par value of the stock held by them. The defendants named in the complaint are The Third National Bank of Pittsburgh, Andrew B. Berger, its receiver, and a number of stockholders of the bank from whom collection has not been made of the Comptroller’s assessment.

The collections of the receiver upon the assessments were sufficient to pay creditors and depositors and the expenses of administration, but were not enough to fully repay…