In re Metropolitan Jewelry Co.

MAYFR, District Judge.

The claimant, Magid, was the treasurer and general manager of the bankrupt corporation. The corporation *386was composed of his father, who was president and owned $500 in stock, the claimant’s wife, who held $1,500 in stock, and one Smid-rod, who held $100 in stock, which shortly after the incorporation was sold to claimant, so that during practically the entire life of the corporation claimant was general manager, treasurer, and stockholder of the corporation, and represented his wife, who owned the majority of the capital stock of the corporation, in the management of the…