Pittsburgh's Appeal

Opinion by

Me. Justice Linn,

The secretary of banking, September 23, 1931, took possession of Franklin Savings & Trust Company under the Banking Act of June 15, 1923, P. L. 809 1 ; see section 21 et seq. At that time, the City of Pittsburgh, appellant, had in the bank two deposits made by the same city official, one, in his capacity as city treasurer, the other, in his capacity as collector of delinquent taxes. In 1933, the secretary filed his first and partial account showing, among other things, that two dividends had been paid to depositors, one of 10% July 20, 1932, and the other of 8%…