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HORN v. ROSS ISLAND SAND & GRAVEL CO.

No. 8246.

88 F.2d 64 (1937)

HORN v. ROSS ISLAND SAND & GRAVEL CO.

Circuit Court of Appeals, Ninth Circuit.

February 16, 1937.

Attorney(s) appearing for the Case

Coan & Rosenberg, of Portland, Or., for appellant.

Wood, Matthiessen & Rankin and Arthur P. Ireland, all of Portland, Or., for appellee.

Before WILBUR, DENMAN, and MATHEWS, Circuit Judges.

WILBUR, Circuit Judge.

Ross Island Sand & Gravel Company filed a petition for reorganization under 77B of the Bankruptcy Act (11 U.S.C.A. § 207), wherein it claimed assets amounting to $2,880,022.17, and liabilities for the same amount, including $2,031,671.46 of liabilities to preferred and common stockholders. The principal liabilities, other than the capital liabilities, consisted of current indebtedness, amounting to $262,260.28, and a bonded debt of...

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