In re Rittenhouse Hotel

Levinthal, J.,

— We have before us the account of the First Mortgage Company of Philadelphia, filed in connection with proceedings in which the mortgage company is resigning as trustee for the holders of certificates of participation and interest in a mortgage on premises known as the Rittenhouse Hotel, Philadelphia.

The mortgage, which named the mortgage company as mortgagee, was in the face amount of $250,000, but the mortgage debt was actually $192,250, of which amount participation certificates totaling $106,500 and guaranteed by the mortgage company were sold to the public, and the…