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REPUBLIC SUPPLY CO. OF CALIFORNIA v. RICHFIELD OIL CO.

No. 7587.

74 F.2d 907 (1935)

REPUBLIC SUPPLY CO. OF CALIFORNIA v. RICHFIELD OIL CO. OF CALIFORNIA. CITIES SERVICE CO. v. ARMSBY et al.

Circuit Court of Appeals, Ninth Circuit.

January 14, 1935.

Attorney(s) appearing for the Case

Hill, Morgan & Bledsoe, Benjamin F. Bledsoe, Charles P. McCarthy, Elvon Musick, and Howard Burrell, all of Los Angeles, Cal., for appellant.

Alexander Macdonald and A. Stevens Halsted, Jr., both of Los Angeles, Cal., Colin C. Ives, of New York City, Jefferson P. Chandler, Leo S. Chandler, and Robert B. Murphey, all of Los Angeles, Cal. (Bauer, MacDonald, Schultheis & Pettit, of Los Angeles, Cal., Cravath, deGersdorff, Swaine & Wood, of New York City, and Chandler, Wright & Ward and Call & Murphey, all of Los Angeles, Cal., of counsel), for appellees.

Before WILBUR and GARRECHT, Circuit Judges.

WILBUR, Circuit Judge.

This is an appeal from an order made in the consolidated equity receiverships of the properties of the Richfield Oil Company of California and the Pan American Petroleum Company. The value of the property is estimated at between $23,000,000 and $100,000,000. The bonded and unsecured indebtedness is very large, and exceeds the amount expected to be realized from the sale of the properties under the contemplated plan of reorganization. The appeal...

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