Publicker v. Shallcross

This is an appeal from a decree of the District Court vacating a decree entered by it in a prior term of court.

On September 1, 1926, Jacob W. Lang-executed and delivered to the Philadelphia Company for Guaranteeing Mortgages, as trustee, hereinafter called the Philadelphia Company, a mortgage in the sum of $850,-000 on the Shubert Building, located at 248-252 South Broad Street, Philadelphia, Pa., to secure a bond issue for that amount. On the same day, Publicker, the appellant, and others executed and delivered a joint and several collateral bond in the same amount to secure the same…