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IN RE JERSEY MATERIALS CO.

Nos. 2982—a/2824.

50 F.Supp. 428 (1943)

In re JERSEY MATERIALS CO.

District Court, D. New Jersey.

June 26, 1943.

Attorney(s) appearing for the Case

John H. Pursel, of Phillipsburg, N. J. (John F. Oldt, of Easton, Pa., of counsel), for mortgagee Walter L. Connor.

Wayne Dumont, II, of Phillipsburg, N. J., for trustee.

FORMAN, District Judge.

In 1933 the Jersey Materials Company, the bankrupt, was formed by D. Herbert Schweyer, who became its president, and Israel Krohn, its secretary and treasurer. It dealt in marble chips, talc, crayon and chalk, owning a quarry located at Phillipsburg, New Jersey.

It bought its property from John Wagner Green and Henry Green, giving in part payment a real estate mortgage in the sum of $3,500, dated July 1, 1933, payable in four years...

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