Court of Appeals for the Seventh Circuit October 7, 1902, No. 895 (In re Surety Guarantee & Trust Co.)

JENKINS, Circuit Judge,

after stating the facts as above, delivered the opinion of the Court.

The demurrer presents two questions: (i) Can an incorporated company be a “private banker” within the intendment of the bankruptcy act? and (2) Is the buying and selling of stocks, bonds, and other securities a “trading pursuit” within the meaning of the act?

The bankruptcy act (30 Stat. c. 541, § 4b [U.