Consolidated Royalties, Inc. v. Ashton

MATHEWS, Circuit Judge.

This appeal is from a judgment modifying and affirming, as modified, an order of a referee in bankruptcy which, as modified, requires Standard Oil Company of California, hereafter called Standard, to pay the trustee of the bankrupt estate of Deep Hole Drilling Corporation, hereafter called Deep Hole, moneys claimed by appellants — Consolidated Royalties, Incorporated, hereafter called Consolidated, and C. B. Callahan. The facts are as follows:

On September 30, 1938, Henry C. Hopkins and Clarence V. Hopkins leased to Twin Oil Company ,two acres of land in Los Angeles…