O. M. Spratt Corp. v. Public Utilities Consol. Corp.

BOURQUIN', District Judge.

This is another of those receiverships akin to that of Hardy’s Case (D. C.) 20 F.(2d) 967, 969, which, despite some peculiar aspect, can be, as it should be, summarily terminated without detriment to any, if any, local creditor. Taking the pleadings for it, and that is all before the court, it is a consent receivership without equity, of a piece with like abuses which history records as the prime cause for legislative abolition of courts of chancery in not infrequent instances, and of a piece with analogous practises which incite Congress to limit jurisdiction until,…