In re Filer

BROWN, District Judge.

I have carefully examined the authorities cited in opposition to the claim of Kohn & Co., in the seventh paragraph, and do not think them applicable. I am of the opinion that the referee’s ruling was correct, on the ground that Kohn & Co. had the right to treat the bankrupt as the principal in the purchase of stocks which he had induced them to purchase under false and fictitious orders. The bankrupt was in fact the real principal. There was no other. The purchases were by his order, and were intended to be for his benefit; and, on such facts, he would be estopped to…