DUFFY, Circuit Judge.
Debtor owned and operated a stone quarry near Elgin, Illinois, producing roadstone and agricultural limestone. In 1947 all of debtor's quarrying equipment with minor exceptions was mortgaged to St. Charles National Bank as security for a loan of $80,000. On April 26, 1948, to avert a threatened foreclosure of this mortgage the Circuit Court of Kane County, Illinois, appointed Herbert Cameron as receiver pendente lite. The proceedings resulting...
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