In the Matter of New York, Susquehanna & Western Railroad Company, Edith A. Merritt

This appeal is from the Order of the District Court, 103 F.Supp. 981, approving the plan of reorganization in proceedings for the reorganization of the New York, Susquehanna and Western Railroad Company under Section 77 of the Bankruptcy Act as amended. 1

The primary issue presented is whether the plan of reorganization is fair and equitable, particularly with respect to the debt- or’s general mortgage bondholders. It may be noted, parenthetically, that the appellant is the sole objector to the plan of reorganization on this appeal. 2

The appellant’s objections to the reorganization plan were…