Commonwealth Trust Co. of Pittsburgh v. Reconstruction Finance Corp.

JONES, Circuit Judge.

The plaintiff, Commonwealth Trust Company, trustee in bankruptcy of Colonial Iron Company, a Pennsylvania corporation, seeks to recover from the Reconstruction Finance Corporation (hereinafter designated as R. F. C.) certain pig iron, or the value thereof, which had been pledged by the Iron Company, prior to its bankruptcy, as security for the payment of loans from the R. F. C. The court below entered judgment for the defendant from which the plaintiff took the present appeal. It is the appellant's contention that the pledge was void either (1) as having been made by the…