Page v. Rogers
| Decision Date | 04 December 1906 |
| Docket Number | 1,570. |
| Parties | PAGE et al. v. ROGERS. |
| Court | U.S. Court of Appeals — Sixth Circuit |
King Waters & Page and Brown & Spurlock, for appellants.
Williams & Lancaster and Pritchard & Sizer, for appellees.
Before LURTON, SEVERENS, and RICHARDS, Circuit Judges.
This is a second appeal. The opinion upon the first appeal states the case. 140 F. 596. In pursuance of our decree modifying the decree of the court below, the district judge directed a special master to report the amount of claims proved or provable against the bankrupt, and the costs and expenses of the administration of the bankrupt estate, including fees of counsel for the bankrupt's trustee in this case. The master reported that the total amount of claims and costs and expenses, including trustee's counsel fees, was $78,086.78. The total liability of the estate of Thomas Merriam to the bankrupt's trustee he reported at $70,891.54, including interest to January 15, 1906. Upon this basis there was no surplus over and above the liabilities of the bankrupt's estate, and no room for a refusal to direct the payment of any sum less than the full liability of Thomas Merriam to the trustee.
But the appellants assign as error the allowance of $15,000 as counsel fees to the counsel employed by the trustee, first because they say that under the mandate of this court no counsel fees were allowed. This is a mistake. We expressly held that the appellants were liable for a sum sufficient to 'pay all debts of every class which have been or may be proven against the bankrupt and the expenses of the trustee his fee, and the costs,' provided the aggregate did not exceed the amount of the preference received by the testator Thomas Merriam. The reasonable fee of counsel employed by the trustee to recover a voidable or fraudulent preference made by the bankrupt constitutes a part of the trustee's expenses, and as such a part of the costs and expenses of administration, entitled to preferential payment. Davidson v. Friedman, 140 F. 853, 72 C.C.A. 553. These counsel fees were, therefore, a part of the trustee's expenses, and allowable under our mandate.
It is next objected that this allowance was excessive. We are not altogether prepared to approve of the large compensation allowed counsel, in view of the strong admonition in the direction of economy found in the bankrupt law. But if we assume that, under the peculiar...
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