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IN RE F. & W. GRAND PROPERTIES CORPORATION

No. 134.

74 F.2d 224 (1934)

In re F. & W. GRAND PROPERTIES CORPORATION. MANUFACTURER'S TRUST CO. v. PUTNAM.

Circuit Court of Appeals, Second Circuit.

December 17, 1934.

Attorney(s) appearing for the Case

Kellogg, Emery & Inness-Brown, of New York City (Murray MacElhinny, of New York City, of counsel), for petitioner-appellant.

Platt & Walker, of New York City (Roswell P. C. May and Collier Platt, both of New York City, of counsel), for appellee.

Before MANTON, L. HAND, and SWAN, Circuit Judges.

SWAN, Circuit Judge.

The bankrupt is indebted to the appellant, Manufacturers' Trust Company, in the sum of $30,000 secured by a mortgage upon real estate of the bankrupt. Adjudication occurred February 27, 1933; hence the statutory period for presenting claims expired August 27, 1933. 11 USCA § 93 (n). For nearly eleven months after the adjudication the mortgagee was content to stand upon its security, supposing it to be ample, but in January, 1934, it learned...

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