In re Alton Milk Co.

R. JASPER SMITH, District Judge.

On May 17, 1957, the Alton Milk Company was adjudged a bankrupt. On September 5, 1957, F. T. Ammann & Company filed proof of claim based upon a balance allegedly due under two promissory notes. The notes were executed by the bankrupt for the purchase of certain machinery and equipment, and were secured by two chattel mortgages covering the purchased goods. The unpaid balance for which F. T. Ammann & Company asserts its claim is in the amount of $8,464.41.

*24The trustee objected to the allowance of this creditor’s claim as a preferred and secured one, urging that…