Goodhue v. State Street Trust Co.

These are two bills in equity brought by the administrator of the insolvent estate of George Burroughs, deceased, against the defendant trust companies, for an accounting of certain securities, or of the proceeds from a sale thereof, which Burroughs had pledged with them as collateral in substitution for other securities held by them as collateral, and to have them, or the proceeds of them, applied to the payment of loans made by the trust companies to the deceased, and the surplus turned over to the estate. All parties claiming any interest in the collateral were joined as parties defendant.…