Peurifoy v. Westminster Loan & Trust Co.

The opinion of the Court was delivered by,

Mr. Justice Carter.

The plaintiff, James E. Peurifoy, receiver of the American Bank & Trust Company, commenced this action against the defendant, Westminster Loan & Trust Company, in the 'Court of Common Pleas for Richland County, November, 1926, for the purpose of ascertaining the validity of the •claim of the defendant to certain alleged securities held by the defendant. The case was tried by his Honor, Judge W. H. Townsend, without a jury, on the 16th day of May,-1927, on an agreed statement of facts, hereinafter referred to, and testimony taken…