Opinion
Argued January 4, 1954
Decided March 11, 1954
Appeal from the Supreme Court, Appellate Division, First Department, WALTER, J.
Stephen P. Duggan, Jr., Irving Parker and Maxwell E. Cox for appellant.
Peter Keber and Theodore G. Metzger for New York State Bankers Association, amicus curiae, in support of appellant's position. Arnold Boyd and William E. Mills, Jr., for New York Safe Deposit Association, amicus curiae, in support of appellant's position.
Ralph Stout, Frederick B. Merkle and Louis Rothbard for respondent.
Judgment affirmed, with costs; no opinion.
Concur: LEWIS, Ch. J., CONWAY, DESMOND, DYE, FULD and FROESSEL, JJ. Taking no part: VAN VOORHIS, J.