In re National Public Service Corp.

The National Public Service Corporation was adjudged a bankrupt July 8, 1932. It had issued, in 1928, $20,000,000 of secured gold debentures, due 1978, for which securities were pledged as collateral under an indenture with the New York Trust Company as trustee. At the time of its adjudication, the principal amount of these obligations was due with interest.' A claim was filed against the bankrupt estate for the full amount of these debentures, all of which are outstanding. The debentures were secured by 600,000 shares of common stock of the Seaboard Public Service Company, 60,114.3 shares of…