Palomas Land & Cattle Co. v. Baldwin

MATHEWS, Circuit Judge.

Arthur D. Baldwin, a citizen of Ohio, was at all pertinent times the sole surviving trustee of an express trust 1 of which Palomas Land & Cattle Company, a California corporation, hereafter called Palomas, and Security-First National Bank of Los Angeles were beneficiaries. On and prior to March 30, 1950, Baldwin, as such trustee, had in his custody and possession $5,488.11 to which Palomas claimed to be entitled and to which Louis A. Scott, John L. Rasberry and James F. Hulse, citizens of Texas, also claimed to be entitled, the claim of Palomas being adverse to that of…