Shimer v. Aldine Trust Co.
Supreme Court of Pennsylvania
Appeal, No. 302, Jan. T., 1919, by plaintiff, from decree of C. P. No. 4, Philadelphia Co., March T., 1917, No. 5281, dismissing bill in equity in case of J. N. M. Shimer v. Aldine Trust Company and Webster King Wetherill. Bill in equity for retransfer of stock and for an accounting. Before Audenried, P. J. The court entered a decree dismissing the bill. Plaintiff appealed. Error assigned was decree dismissing the bill.
1Opinion of the Court
Opinion by
Mr. Justice Moschzisker,
J. N. M. Shimer pledged certain stock of the Crucible Steel Castings Company and the Pennsylvania Wire Glass Company to the Aldine Trust) Company, as.collateral for a loan; subsequently this collateral was bought in by the trust company, who sold part of it to W. K. Wetherill. Shimer filed a bill in equity against the trust company and Wetherill, praying that they be ordered to re-transfer to him so much of this stock as was then in their possession, and to account for such parts thereof as had been sold by them, together with dividends. After hearing, the…
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