James Clark McReynolds

“ Leader Realty Company
Argued: Jan. 18, 1921. --- Decided: Feb 28, 1921
Having recovered a judgment upon certain drainage warrants issued under Act La. No. 30 of 1871, James W. Peake, of New York, instituted a second suit in the United States Circuit Court, Eastern District of Louisiana, May 30, 1891, against New Orleans, seeking sale of land which that city held as trustee to secure all such warrants. See Peake v. New Orleans (1891) 139 U.S. 342, 11 Sup. Ct. 541, 35 L. Ed. 131. Neither the appellee nor any of its predecessors in interest was party to the proceeding. ”

“ Setting up superior title to some of the land under patent from the state issued June 3, 1874, appellee, also a Louisiana corporation, brought suit against appellant in the state court December 8, 1909, and obtained a favorable judgment, afterwards affirmed by the Supreme Court. Leader Realty Co. ”