IN RE COMMONWEALTH LIGHT & POWER CO.

No. 8126.

141 F.2d 734 (1944)

In re COMMONWEALTH LIGHT & POWER CO. et al. BACHRACH v. CENTRAL HANOVER BANK & TRUST CO.

Circuit Court of Appeals, Seventh Circuit.

Rehearing Denied April 6, 1944.


Attorney(s) appearing for the Case

Robert Bachrach and Moses, Kennedy, Stein & Bachrach, all of Chicago, Ill., for trustee.

Robert N. Golding, of Chicago, Ill., for Middle West Corporation.

Perry M. Chadwick, of Chicago, Ill., for Guaranty Trust Co. of New York.

James G. Culbertson and Joseph H. Hinshaw, both of Chicago, Ill. (Oswell G. Treadway, of Chicago, Ill., of counsel), for Arthur E. Swanson, Kellogg Logsdon, and Gary Barthell.

Thomas B. Hart, John I. Mayer, and Edward P. McGuire, all of Chicago, Ill., John F. Davis, Sol., and Homer Kripke, Asst. Sol., both of Philadelphia, Pa., and Morton E. Yohalem, Special Counsel, Public Utilities Division, of New York City, Theodore L. Thau, of Philadelphia, Pa., for appellee Securities and Exchange Commission.

Irwin T. Gilruth and Gilruth & Beck, all of Chicago, Ill., and Frank H. Heiss and Rathbone, Perry, Kelley & Drye, all of New York City (A. M. Lewis and Frederick W. Doolittle, Jr., both of New York City, of counsel), for appellee Central Hanover Bank & Trust Co.

Before SPARKS, KERNER, and MINTON, Circuit Judges.


KERNER, Circuit Judge.

We have here an appeal from an order of the District Court in the reorganization of Inland Power & Light1 Corporation, regarding the allocation of $1,045,134.24 — the proceeds of the sale of the common stock of Michigan Public Service Company — to the bonds issued by Inland of which Central Hanover Bank and Trust Company is indenture trustee and pledgee.

Appellant, Guaranty, as trustee under...

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