Corn Exchange Bank v. United States

37 F.2d 34 (1930)

CORN EXCHANGE BANK

v.

UNITED STATES.

No. 49.

Circuit Court of Appeals, Second Circuit.

January 6, 1930.

Laughlin, Gerard, Bowers & Halpin, of New York City (Spotwood D. Bowers and Stewart W. Bowers, both of New York City, of counsel), for appellant.

Charles H. Tuttle, U. S. Atty., of New York City (Walter H. Schulman, Asst. U. S. Atty., of New York City, of counsel), for the United States.

Before MANTON, SWAN, and AUGUSTUS N. HAND, Circuit Judges.

MANTON, Circuit Judge.

During the year 1918, the appellant made loans to the Brooklyn Rapid Transit Corporation. Interest on the loans was…