Jameson v. Guaranty Trust Co. of New York

(after stating the facts as above). The questions involved in this appeal may be best stated as they are in appellants’ brief, under the title of “Contested Issues,” and in that order considered :

“(1) The first important issue involved in the appeal is as to the distribution of the new securities as between stockholders and bondholders, and turns upon a question of law as to the correct interpretation of the principle established in the ease of Northern Pacific Railway Co. v. Boyd, 228 U. S. 482, 33 S. Ct. 554, 57 L. Ed. 931.

“(2) The second important contested issue is as to the distribution…