Harry E. Jones, Inc. v. Kemp

NORCROSS, District Judge.

Appellants filed claims against the respondent Guaranty Building & Loan Association' of Los Angeles, claiming preferred rights in respect thereto. The said claims, subject to a slight exception hereinafter noted, were approved by the receiver and special master as general claims, but denied priority or preference in payment out of the funds of the receivership estate. From an order confirming the report, findings, and conclusions of the special master, said claimants appeal.

The salient facts respecting the claim of Investors of America, Limited,'as stipulated by…