Reicheldifer's Appeal

Opinion by

Baldeige, J.,

This appeal is from an order of the court below overruling appellant’s exceptions to the account of the Secretary of Banking, disallowing appellant’s claim to be preferred in the distribution of the assets of the Manayunk Trust Company, an insolvent institution.

There was an agreed stipulation of facts, which, briefly stated, are as follows:

On October 5, 1931, Elizabeth T. Beicheldifer, through her agent, the Manayunk Trust Company, sold and assigned a mortgage she held to Abbie P. Alexander, for $1,524.50. Abbie P. Alexander transferred $1,000 from her savings fund…