Case Name: KAHN v. CONE EXPORT & COMMISSION CO.
Court: United States Court of Appeals for the Fifth Circuit
Jurisdiction: United States
Decision Date: 1902-03-15
Citations: 115 F. 290
Docket Number: No. 1,105
Parties: KAHN v. CONE EXPORT & COMMISSION CO.
Judges: 
Reporter: Federal Reporter
Volume: 115
Pages: 290–291

Head Matter:
KAHN v. CONE EXPORT & COMMISSION CO.
(Circuit Court of Appeals, Fifth Circuit.
March 15, 1902.)
No. 1,105.
Bankruptcy — Preferences—Deduction of New Credits.
Bankr. Act 1898, § 60c, entitles a creditor who has received preferential payment on account, but who has extended further credit, as therein specified, to a deduction of the amount of such new credit from the preferences he would otherwise be required to surrender before proving the remainder of his debt, and is not limited in its application to cases where the trustee sues to recover the preferences.
McCormick, Circuit Judge, dissenting.
Appeal from the District Court of the United States for the Northern District of Georgia, in Bankruptcy.
L. W. Thomas, L. Z. Rosser, E. V. Carter, and C. L. Anderson, for appellant.
Alex. C. King, J. J. Spaulding, and J. T. Pendleton, for appellee.
Before PARDEE, McCORMICK, and SHELBY, Circuit Judges.

Opinion:
PER CURIAM.
After an attentive consideration and examination of this case, we are of opinion that it was correctly decided in the lower court, and that the reasons given by Judge NEWMAN for his judgment (111 Fed. 518) sufficiently cover the case.
Affirmed.