In re American Range & Foundry Co.

JOHN B. SANBORN, District Judge.

The claimant in its proof of claim states:

That in June, 1921, the bankrupt was engaged in the manufacturing business at Shakopee, Minn. -That the claimant for eight years has been an investment banker. That shortly prior to June 20, 1921, the bankrupt represented that it was sound, was earning large profits, had been operating for thirty years, and that its management was careful, conservative, and economical; that it desired to enlarge its business and to employ claimant as its fiscal agent in selling its “special stock” to obtain funds for that purpose.

That,…