In re Lumber Inc.

McCOLLOCH, Chief Judge.

I adopt the opinion of the Referee, Estes Snedecor, as the opinion of the court.

*303The following is the opinion of Referee in Bankruptcy Snedecor:

Lumber Incorporated, an Oregon corporation, was adjudged a bankrupt upon its voluntary petition filed October 19, 1951. Since its incorporation June 13, 1946, it had been engaged in the business of buying and selling lumber at wholesale. Nathan Bradley, a director and vice-president of the bankrupt, filed a proof of claim in the sum of $46,-•076.74 for the balance owing to him on loans to the corporation evidenced by promissory…