In re Receiverships of Street Rys.

LACOMBE, Circuit Judge.

The receiver of the Third Avenue •Railroad, of the Forty-Second Street, Manhattanville & St. Nicholas Avenue Railway, and of the Dry Dock, East Broadway & Battery Railroad, and the receivers of the New York City Railway and Metropolitan Street Railway have applied to the court for instructions as to the discontinuance of certain transfers. The subject may be considered in two aspects: (1) As a business proposition; and (2) as a legal proposition.

1. As a business proposition: It is sufficient to refer to the detailed statement of conditions set forth in the petitions…