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IN RE CHICAGO, N. S. & M. R. CO.

No. 8082.

131 F.2d 458 (1942)

In re CHICAGO, N. S. & M. R. CO. REED et al. v. CHICAGO, N. S. & M. R. CO.

Circuit Court of Appeals, Seventh Circuit.

December 2, 1942.

Attorney(s) appearing for the Case

Austin L. Wyman and Daniel P. Nagle, both of Chicago, Ill., for appellants.

Frederick E. Stout, of Chicago, Ill., for intervener.

Addison L. Gardner, of Chicago, Ill., for appellee.

Before EVANS and SPARKS, Circuit Judges, and LINDLEY, District Judge.

SPARKS, Circuit Judge.

This appeal presents the question whether Chapter VIII or Chapter X of the Bankruptcy Act, 11 U.S.C.A. § 201 et seq., § 501 et seq., is the appropriate channel for reorganization of the debtor railroad. Feeling uncertain as to the proper mode of procedure, appellants, the owners of two and one-half million dollars of senior lien securities of the Chicago, North Shore and Milwaukee Railroad, filed two separate petitions for its reorganization...

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