Sehon-Stevenson & Co. v. Union Trust Co. of Maryland

PARKER, Circuit Judge.

This is the second appeal in a controversy arising in the bankruptcy of R. R. Smith. The first appeal was before this court in Union Trust Co. v. Townshend, 4 Cir., 101 F.2d 903, where we held that the Union Trust Company held an equitable lien upon $72,000 of bonds of the Columbia Gas & Electric Company which had come into the hands of the trustee in bankruptcy, and *969remanded the case that the lien might be enforced and conflicting rights in the securities determined. Upon the remand, the District Court adjudicated the rights of the Union Trust Company adversely to the…