Cramer-Sherr Building & Loan Association's Case

Opinion by

Mr. Justice Patterson,

This appeal is from the dismissal by the court below of exceptions filed by appellant, John C. Bell, Jr., Secretary of Banking of the Commonwealth of Pennsylvania, to the adjudication of his first and partial account as receiver of the Cramer-Sherr Building and Loan Association.

Charles H. Lapidus, who was then Secretary of the Cramer-Sherr Association, on October 29,1928, by writing under seal, assigned to the National Security Bank, as collateral security for loans to himself individually and to Charles H. Lapidus, Inc., $6,099.82 of which remain due and…