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FIRST NAT. BANK v. YOUNG'S ESTATE

No. 5366.

41 F.2d 8 (1930)

FIRST NAT. BANK OF BAY CITY v. YOUNG'S ESTATE.

Circuit Court of Appeals, Sixth Circuit.

May 13, 1930.

Attorney(s) appearing for the Case

N. J. Miller, of Detroit, Mich. (Hoffman & Miller, of Detroit, Mich., on the brief), for appellant.

E. S. Clark, of Bay City, Mich. (Clark & Henry, of Bay City, Mich., on the brief), for appellee.

Before MOORMAN and HICKENLOOPER, Circuit Judges, and ANDERSON, District Judge.

HICKENLOOPER, Circuit Judge.

Appellant complains of the allowance in bankruptcy of an unsecured claim proved on behalf of appellee. Three chief grounds of objection are urged. These will be discussed separately.

The bankrupt corporation was organized in 1914 by Walter D. Young, a competent executive and a man of considerable means. Mr. Young became and remained its president until his death in 1916. The purpose of its...

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