Schneider v. Mingenback

HUXMAN, Circuit Judge.

The appellants each owned certificates, denominated “preferred stock”, in the Sam; Schneider Oil Company, a bankrupt corporation. They filed proofs of claim with¡ the trustee, claiming to be creditors of the-corporation. They appealed to the District; Court of the United States for the District, of Kansas from the disallowance of the-claims by the referee. They have appealed, from the order of the District Court sus-. taining the referee. The sole question is. whether their certificates constitute evidence of indebtedness against the corporation or are certificates of…