Jordahl v. Irving Trust Co.

MANTON, Circuit Judge.

The appellant sought to reclaim from the trustee in bankruptcy moneys held by it upon the theory that the appellant had purchased from the bankrupt, a dealer in shares of bank and insurance company stocks, one share of capital stock of the First National Bank for an agreed price of $4,725, for which the appellant gave to the bankrupt in payment thereof one share of capital stoek of the United States Trust Company valued at $3,824.96 and a cheek for $900.04. The bankrupt sold the appellant’s share of the United States Trust Company stock which it received, to a third…