In re Jayne & Mason

Taylor, M. N., J.

The claim in question was filed by the Federal Reserve Bank of New York in behalf of various banks, from which it received, for collection, checks drawn on Jayne & Mason. The amount of the claim, as originally filed, was $3,325.44, but it has since been reduced to $2,603.50 by the withdrawal of certain checks at the request of forwarding banks. The facts involved in the claim are as follows:

On July 31,1930, the Federal Reserve Bank of New York received checks for collection from various banks, drawn on Jayne & Mason of Webster, N. Y., and indorsed and sent such checks by mail…