In Re Los Angeles Lumber Products Co.

We have before us for consideration the petition of Messrs. Faries and McDowell, attorneys, for an allowance on account of fees in this proceeding in the amount of $31,415. The petition for, continuance heretofore filed is 'denied.

Reference is made to the stipulation of facts and the summary of evidence, on file herein, for a detailed statement of the facts. Briefly, the established facts are as follows: Petitioner is a law partnership, composed of David R. Faries and Charles E. McDowell, as general partners, and Clifford Argue and McIntyre Faries, as junior partners. A large part of the legal work in this proceeding has been performed on behalf of the firm by Mr. Argue. The work has been well done. Mr. McIntyre Faries and Mr. McDowell have had little professional connection with the case. Continuously since about June 29, 1936, the firm has been one of debtor’s chief counsel, and David R. Faries was until about April 15, 1940, a director and vice-president of debtor.

The Securities and Exchange Commission is participating in this proceeding with the approval of this Court, pursuant to the provisions of Section 208 of the Bankruptcy Act of 1898, as amended by the Chandler Act…