including the business carried on in the stores in West Virginia, which was conducted in the name of the subsidiary, the J. G. McCrory Company. On January 30th, the Irving Trust Company, as receiver in bankruptcy, filed a petition with the District Court for the Southern District of New York setting forth the facts with regard to the relationship between the parent corporation and its subsidiaries as above outlined, and asked that the assets of the subsidiaries, wherever situate, be adjudged and held by the court to be assets and property of the bankrupt, and that they be administered by the court in the proceeding then pending, wherein the parent corporation had been adjudged bankrupt. A notice to show cause the next day before the referee in bankruptcy,as to why the prayer of this petition should not be granted, was served upon the subsidiary corporations including the J. G. McCrory Company of West Virginia. Attorneys for the subsidiaries entered appearances in their behalf before the referee, but did not oppose the prayer of the petition; and an order was accordingly entered on January 31st decreeing that all the assets of the subsidiaries were, at the time of the filing of the petition in bankruptcy, "the property and assets of the bankrupt," and that title thereto was then in "Irving Trust Company as Trustee in Bankruptcy." That company, originally appointed receiver, had been appointed, or elected, trustee in bankruptcy on the same day that the order was signed. On the same day the subsidiaries, on their