In Re Parker-Young Co.

MORRIS, District Judge.

This case comes before the court on the debtor’s petition for confirmation of the debtor’s plan filed March 11, 1936, which was duly submitted to the stockholders for their consideration resulting in its acceptance by both preferred and common stockholders. At the hearing before the court it was disclosed that more than two-thirds of the preferred stockholders and an overwhelming majority of the common stockholders had voted in favor of the plan, and the question presented is whether it is fair and equitable and 'is feasible.

In brief the plan provides that all the…