Dietz v. Girard Craftsman's Club of Philadelphia

Kun, J.,

The claim of the Land Title and Trust Company, as trustee for bondholders of certain third mortgage 6 per cent, gold bonds of Thomas G. Baker, was filed in the sum of $270,000. It was stipulated between counsel for the claimant and counsel for the receiver that the facts are as follows:

The Girard Craftsman’s Club of Philadelphia conveyed its property at 20th and Chestnut Streets, Philadelphia, to Thomas G. Baker, strawman, who executed three mortgages on the property, the third of which was to the Land Title and Trust Company, as trustee, to secure the payment of certain third…