Commonwealth v. Tradesmen's Trust Co.
Supreme Court of Pennsylvania
Appeal, No. 5, May T., 1915, by Franklin Spencer Edmonds and Charles I. Cronin, from decree of C. P. Dauphin Co., Commonwealth Docket, 1911, No. 219, dismissing exceptions to report of auditors in case of Commonwealth, ex rel. John C. Bell, Attorney General, v. Tradesmen’s Trust Company. Petition by the Commonwealth at the relation of the attorney general to declare a trust company insolvent and for the appointment of a receiver.
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Appeal, No. 5, May T., 1915, by Franklin Spencer Edmonds and Charles I. Cronin, from decree of C. P. Dauphin Co., Commonwealth Docket, 1911, No. 219, dismissing exceptions to report of auditors in case of Commonwealth, ex rel. John C. Bell, Attorney General, v. Tradesmen’s Trust Company. Petition by the Commonwealth at the relation of the attorney general to declare a trust company insolvent and for the appointment of a receiver. Exceptions to report of Henry S. Borneman, Esq., and Eugene Snyder, Esq., Auditors. Before McCarrell, J. The facts appear by the opinion of the Supreme Court. The…
1Opinion of the Court
Opinion by
Mr. Justice Frazer,
John Megraw, a builder in the City of Philadelphia, undertook what was known as the Whitby avenue operation, consisting of 118 houses. The money with which this operation was carried on was raised by means of collateral notes secured by mortgages upon the lots. Title to the properties was transferred to a straw man acting for the Tradesmen’s Trust Company, the financing agent, and mortgages and ground rents were created and sold from time to time, and the proceeds deposited with the trust company to be used in the building operation. The trust company took title…
2Cases cited14 opinions
- Lebanon Trust & Safe Deposit Bank's Assigned EstateSupreme Court of Pennsylvania · 1895
- Chipman & Holt v. Ninth N. BankSupreme Court of Pennsylvania · 1888
- Thompson's AppealSupreme Court of Pennsylvania · 1853
- Miller v. ReedSupreme Court of Pennsylvania · 1856
- Miller's AppealSupreme Court of Pennsylvania · 1907
9 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- Foster v. Mutual Fire, Marine & Inland InsuranceSupreme Court of Pennsylvania · 1992
- Mehler's AppealSupreme Court of Pennsylvania · 1932
- In Re CabrilloUnited States Bankruptcy Court, E.D. Pennsylvania · 1989
- Conneautville Bank's Assigned EstateSupreme Court of Pennsylvania · 1924
- Erie Trust Company's Case (No. 1)Supreme Court of Pennsylvania · 1937
16 more not listed; retrieve them via the Exa API.