Schwartz v. Keystone Oil Co.
Supreme Court of Pennsylvania
Appeal, No. 177, Oct. T., 1892, by Commercial Bank of Titusville et al., from decree of C. P. Venango Co., Nov. T., 1887, No. 4, dismissing exceptions to account of R. G. Lamberton, receiver. Audit of receiver’s account. Exceptions to tbe account, by appellants, as creditors, objected to the receiver’s compensation and counsel fees and claimed a surcharge for interest.
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Appeal, No. 177, Oct. T., 1892, by Commercial Bank of Titusville et al., from decree of C. P. Venango Co., Nov. T., 1887, No. 4, dismissing exceptions to account of R. G. Lamberton, receiver. Audit of receiver’s account. Exceptions to tbe account, by appellants, as creditors, objected to the receiver’s compensation and counsel fees and claimed a surcharge for interest. The account was referred to C. A. Myers, Esq., as auditor, from whose report the facts appear as stated in the opinion of the Supreme Court. Exceptions were filed by appellants to the auditor’s allowance, inter alia, of…
1Opinion of the Court
Opinion by
Mr. Justice Williams,
The actual appellee in this case is the receiver, since all the questions raised relate to his duties and his compensation. Before entering upon any of these questions, this case seems to require a restatement of some venerable elementary principles applicable to such officers that ought never to be lost sight of. A receiver is the officer, the executive hand, of a court of equity. His duty is to protect and preserve, for the benefit of the persons ultimately entitled to it, an estate over which the court has found it necessary to extend its care. He occupies a…
2Cited by15 opinions
- Harrigan v. GilchristWisconsin Supreme Court · 1904
- Pearson Mfg. Co. v. Pittsburgh Steamboat Co.Supreme Court of Pennsylvania · 1932
- Warner v. Conn (Kopp)Supreme Court of Pennsylvania · 1943
- Hickey v. Parrot Silver & Copper Co.Montana Supreme Court · 1905
- Schwartz v. Keystone Oil Co.Supreme Court of Pennsylvania · 1894
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