William Esbitt, as Receiver of the Assets and Property of First Discount Corp. v. Dutch-American Mercantile Corp.

J. JOSEPH SMITH, Circuit Judge.

The defendant appeals from a judgment of $25,055.79 entered against it in the United States District Court for the Southern District of New York, Irving Ben Cooper, District Judge, in a suit brought by the receiver of the First Discount Corporation to collect an indebtedness. The defendant concedes that it owed the $25,055.79 to the First Discount Corporation, but contends that (1) the District Court had no jurisdiction over the suit and (2) it should have-been permitted to retain the $25,055.79 in order to indemnify it against possible future liability from a…