MacPherson v. Schram

McCORD, Circuit Judge.

C. Rust MacPherson has appealed from a judgment holding him liable for his proportionate share of a statutory assessment levied under 12 U.S.C. § 64, 12 U.S.C.A. § 64, against the stockholders of First National Bank — -Detroit, a national banking association.

When the First National Bank- — Detroit closed, MacPherson was the owner of 613 shares of the capital stock of Detroit Bankers Company, a holding company, and because of his ownership of these shares lie was held liable for a proportionate part of the double liability assessment.

Detroit Bankers Company was a bare…