United States v. Siegel

GARDNER, Circuit Judge.

In 1919 Alfred J. Sibgel, appellees’ testate, was the owner of 255 shares of the capital stoek of the Third National Bank of St. Louis, Mo. During that year the Third National Bank, the Mechanics-American National Bank, and the St. Louis Union National Bank, all located in St. Louis, Mo., entered into an agreement of consolidation or merger. This agreement provided that consolidation was to be effected under the charter of the Third National Bank, and that the capital of the consolidated bank should be $10,000,-000, represented by 100,000 shares of a par value of $100…