Case Name: Harry H. WOODRING, Secretary of War, and H. A. A. Smith, General Purchasing Officer and Chief of Washington Office, Panama Canal, Appellants, v. Justus S. WARDELL, Receiver, District National Bank of Washington, D. C., Appellee.
Court: United States Court of Appeals for the District of Columbia Circuit
Jurisdiction: United States
Decision Date: 1938-10-31
Citations: 100 F.2d 690
Docket Number: No. 7055
Parties: Harry H. WOODRING, Secretary of War, and H. A. A. Smith, General Purchasing Officer and Chief of Washington Office, Panama Canal, Appellants, v. Justus S. WARDELL, Receiver, District National Bank of Washington, D. C., Appellee.
Judges: 
Reporter: Federal Reporter 2d Series
Volume: 100
Pages: 690–690

Head Matter:
Harry H. WOODRING, Secretary of War, and H. A. A. Smith, General Purchasing Officer and Chief of Washington Office, Panama Canal, Appellants, v. Justus S. WARDELL, Receiver, District National Bank of Washington, D. C., Appellee.
No. 7055.
United States Court of Appeals for the District of Columbia.
Decided October 31, 1938.
Leslie C. Garnett, Sp. Asst, to Atty. Gen., and David A. Pine, U. S. Atty., and H. L. Underwood, Asst. U. S. Atty., both of Washington, D. C., for appellants.
George P. Barse, Charles E. Wainwright, and Brice Clagett, all of Washington, D. C., for appellee.
Before GRONER, C. J., and MILLER and VINSON, JJ..
Writ of certiorari granted 59 S.Ct. 589, 83 L.Ed. —.

Opinion:
GRONER, C. J.
This is an appeal from a decree against appellants directing payment of the proceeds of certain bonds of the insolvent District National Bank which had been pledged by the bank to secure deposits of Canal Zone money-order funds. The bill alleges that the pledge was invalid, that the sale of the bonds and collection of the proceeds were illegal, and that such proceeds are a trust fund for the benefit of the creditors of the bank and as such recoverable from the defendants.
The answer asserts that the pledge was valid and that the bonds were lawfully in the possession of the Secretary of War.
The material facts shown here are in all respects identical with those in Inland Waterways Corp. et al. v. Hardee, Receiver, 69 App.D.C. 268, 100 F.2d 678, decided today, and the disposition of that case controls this.
Affirmed.