They decided unanimously that the way to handle the situation was to ask some trust company to accept appointment as receiver in all cases. both large and small. so that they might find it profitable. The Irving Trust Co. was decided upon because it was a strong bank. a bank of excellent reputation. and conveniently located to the United States courts. The judges went to the trust company. The trust company did not seek the business. They consented to set up a department of bankruptcy. and Captain McCormack. who is now Commissioner of Immigration under the new administration. was put in charge of that section of the bank. He administered bankrupt estates in the name of the bank. He was the head of the bankruptcy department of the Irving Trust Co.
Keywords matched
Immigration