U.S. Circuit Court for the District of Southern New York July 16, 1908 (Pennsylvania Steel Co. v. New York City Ry. Co.)

LACOMBE, Circuit Judge.

At the time when former memoranda were filed October 1, 1907 (157 Fed. 440), and January 7, 1908 (160 Fed. 222), the situation was such that the operation of the system might be continued by receivers of the New York City Company under the lease, and the rights of all interested preserved easily and efficiently by a subsequent accounting.