Pearsall v. Central Oil & Gas Co. of America

GIBSON, District Judge.

Exceptions have been filed to the schedule of distribution reported by the master on behalf of D. B. Heiner,' collector of internal revenue, and by the Eranklin Trust Company. The exception of the collector is based upon the failure of the master to allow, in addition to the claim for taxes, the interest prescribed by statute upon failure to pay such taxes in due , time.

Ordinarily interest is not allowed upon claims against the funds of an insolvent in tifie- hands of a receiver. This rule is applicable when the fund is to be shared by general creditors, or by…