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IN RE JAMES MACFARLANE & CO.

No. 7427.

14 F.2d 876 (1926)

In re JAMES MACFARLANE & CO.

District Court, W. D. Washington, N. D.

September 21, 1926.

Attorney(s) appearing for the Case

Edwin G. Dobrin, of Seattle, Wash., for claimant Hack.

George E. Mathieu, of Seattle, Wash., for claimants Whitney, Nelson, Horrigan, and Sussman.

Farrell, Meier & Hess, of Seattle, Wash., for claimants Greening, Russell, and Huiskamp.

E. C. Demoss, of Seattle, Wash., for claimant Krupp.

Bullitt & Kahin, of Seattle, Wash., for claimant Logan Securities Co.

Geo. G. Hannan, of Seattle, Wash., for claimant Hall.

Daniel B. Trefethen, of Seattle, Wash., for claimant Patten.

Ned Roney, of Seattle, Wash., for claimant Fuller.

Earl G. Rice and James Walter Redden, both of Seattle, Wash., for trustee.

NETERER, District Judge (after stating the facts as above).

I think the master's report, in so far as it defined the status and allowed claims, should be affirmed. The legal status of the parties must be determined as of the time that the property came into legal custody, and from this status Greening, knowing of the custom to repledge securities, is rightfully placed in class A, as likewise Sussman, and all of the securities pledged by the bankrupt to the First National...

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