ANDERSON, District Judge.
This is an appeal from an order confirming an order of a referee finding that the appellee, by virtue of a chattel mortgage, had a good and valid claim against a bankrupt estate for $1,000.
The appellee, on March 2, 1926, loaned the Morgan Paper Company, $1,000 in cash, and agreed to take up two notes, of $1,000 each, previously made to other parties by the bankrupt. The company gave appellee its note for $3,000 secured by a chattel...
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