In re Flour Mills of America, Inc.

REEVES, District Judge.

This is a proceeding for corporate reorganization under an Act approved June 22, 1938. Such Act is incorporated in a general revision of the Bankruptcy Laws and constitutes Chapter X of such general revision. Section 101 et seq., 11 U.S.C.A. § SOI et seq. Said chapter is practically a code within itself and fixes the rights of parties and prescribes the course and procedure of the proposed reorganization.

Since bankruptcy constitutes a branch of equity jurisprudence, the principles of equity apply in resolving questions arising in the proceeding.

After the petition had…