Potlatch—The children of Potlatch
KENDRICK FARM BASIS
AUKDIDTfV TCCT'
DAI lllllUr I II I I Cd I
A case involving an important construction of the bankruptcy act of the United States has been lodged in the supreme court of the United States in
"The Matter of Pete Stump, Bankrupt," which arose in this jurisdiction recently. The case, according to Wednesday's Lewiston Tribune, involves the following;
Pete Stump filed a petition in bankruptcy on February 2 last, being the owner of 160 acres of land near Kendrick. About two months later Mr. Stump filed a declaration of homestead on the land. His claim for exemption was denied by Referee Charles H. Chance. Upon appeal, the ruling was reversed in the circuit court of appeals.
The creditors are now taking the case by writ of certiorari to the supreme court of the United States, through Samuel D. White, trustee.
Tannahill and Leeper, and James E. Babb of this city appear as counsel for the trustee and Havre Phipps of Spokane, as attorney for the bankrupt. A decision in this case will be of considerable significance in bankruptcy law. It is the contention of the trustee that immediately upon the filing of the petition in bankruptcy by Mr. Stump, title to all of his property is vested in the trustee for the benefit of the creditors, and that it cannot be thereafter divested by any act of the bankrupt. 