In re Ponzi

BBEWSTEB, District Judge.

The trustee in bankruptcy of Charles Ponzi has received, subsequent to the beginning of bankruptcy proceedings, income derived from deposits in national banks and from mortgages and loans constituting' a part of the bankrupt’s estate. It is conceded that about 80 per cent, in amount of the claims allowed have been proved by creditors residing in Massachusetts. The statutes of Massachusetts provide that income described as interest from bonds, notes, money at interest, and all debts due the person and received by an inhabitant of the commonwealth shall be taxed at the…