Fifth Ave. Bank of N.Y. v. Compson

After decree pro confesso and reference to a master, and before the master's report was filed, the defendant, Compson, filed an informal petition for a stay of execution and sale of the mortgaged premises on the ground that under present economic conditions an advantageous sale of the mortgaged premises could not be had and that such sale would inevitably deprive him of a substantial equity therein and thus work an injustice. The petition was in the form of a letter addressed to the chancellor, who referred the matter to me. I thereupon directed that no execution issue in this cause except…