In Re Amdur Shoe Co.

BREWSTER, District Judge.

I have for review on certificate an order of the referee, entered in the above-entitled proceeding in bankruptcy, allowing the Thayer-Osbome Shoe Company to prove a claim for $45,000.

The facts. appearing in the certificate, briefly stated, are these:

One Levine, the president, treasurer, and principal stockholder of the bankrupt corporation, borrowed of the creditor $50,000 on notes in various sums. These notes were also signed by Levine’s wife and secured by shares in the bankrupt corporation. On June 25, 1925, four of these notes, aggregating $25,000, had fallen due…