In re Wise Shoes, Inc.

PATTERSON, District Judge.

The claimant filed a claim for $1,711,390. The proof of claim shows that on January 18, 1927, the claimant leased to the bankrupt real estate at 384 Fifth Avenue, New York City, for a term of twenty-one years commencing May 1, 1928, at a rental of $100,000 a year, plus taxes and certain other charges. The bankrupt entered into possession at the agreed commencement of the term. Later it defaulted as to paying the first half of the 1982 taxes amounting to $11,-390', and as to the rent due on May 1, 1932, in the amount of $8,333.33. It also defaulted in not giving to…