IN RE REALTY ASSOCIATES SECURITIES CORPORATION

No. 315, Docket 20277.

156 F.2d 480 (1946)

In re REALTY ASSOCIATES SECURITIES CORPORATION.

Circuit Court of Appeals, Second Circuit.

July 11, 1946.


Attorney(s) appearing for the Case

Hooker, Alley & Duncan, of New York City (James B. Alley, of New York City, of counsel), for Realty Associates Securities Corporation, debtor.

Root, Ballantine, Harlan, Bushby & Palmer, of New York City (William P. Palmer, Irving L. Schanzer, and L. Robert Driver, Jr., all of New York City, of counsel), for appellant, Consolidated Realty Corporation.

Newman & Bisco, of New York City (Perry A. Hull, of New York City, of counsel), for appellant Manufacturers Trust Company and pro se.

Lewis, Marks & Kanter, of Brooklyn, N. Y. (Julius Silver, of New York City, Lloyd B. Kanter, of Brooklyn, N. Y., and Bernard D. Cahn, of Washington, D.C., of counsel), for Bondholders' Protective Committee and for appellants Lewis, Marks & Kanter and Julius Silver.

Herrick & Feinstein, of Brooklyn, N. Y., pro se.

Percival E. Jackson, of New York City (Theodore N. Tarlau, of New York City, of counsel), pro se.

Joseph R. Margulies, of New York City, pro se and for appellees Ernestine Needles and others, bondholders.

Archibald Palmer, of New York City, pro se.

Before SWAN, CLARK, and FRANK, Circuit Judges.


FRANK, Circuit Judge.

1. We think the services for which the lower court allowed compensation were, as it held, rendered "in connection with the administration of an estate" (see § 242), and were "beneficial in the administration of the estate" within the meaning of § 243. These services surely were connected with the administration. Also, they were "beneficial"; an estate, under Chapter X, is administered primarily for the creditors; and administration...

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