In re Erie Trust Co.

Hirt, J.,

This matter is before the court on the petition of a depositor in the savings department of Erie Trust Company, now in liquidation, with whom other depositors have joined, praying for such order as may be necessary to recover for the benefit of all depositors of the bank bonds, with their accompanying mortgages, aggregating in face value about $1,500,000, pledged by the bank to D. N. McBrier, F. B. McBrier, and A. W. Milne to secure a so-called “special deposit” made by them. The petition avers that the resolution of the board of directors of the bank, pledging these assets as…