In re Shea

MORTON, District Judge.

The specification of objection based on the failure to keep adequate books of account is disposed of by the referee’s finding.

The specification of objection charging that money was obtained upon statements in writing that were materially false is, upon the findings of the referee and the inferences- to be drawn therefrom, sustained. The learned referee has not found, as I construe his report, that the objecting creditors were merely betting with the bankrupt or his company on the course of prices. He says that:

“It was understood by both parties that these transactions…