In re William J. Lemp Brewing Co.

WHAM, District Judge.

This case came into this court upon a petition for corporate reorganization under Chapter X of the Bankruptcy Act, 11 U.S. *401C.A. § 501 et seq. The real estate and certain fixtures were subject to the lien of a first mortgage in the approximate amount of $150,000 and the lien of a second mortgage of a substantial size. The corporation was indebted in a large total amount to numerous and widely scattered unsecured creditors. Certain accounts and bills receivable were pledged as security to the Southern Illinois National Bank of East St. Louis, Illinois, but the principal…