In re Putnam

GIBSON, District Judge.

Xeno W. Putnam and Bessie L. Putnam are the joint owners of 185 acres of land in Crawford County, this District. They mortgaged this tract on August 7, 1917, securing $6,500 from the Federal Land Bank of Baltimore. Due to default the mortgagee instituted foreclosure proceedings, the property being advertised for sale on May 10, 1935.

On April 26, 1935, Xeno W. Putnam filed a petition for composition and extension under Section 75 • of the Bankruptcy Act, 11 U.S.C.A. § 203. The petition was referred to a Conciliation Commissioner and hearings were held thereon. The…