This is a petition to revise an order of the District Court confirming the report of a referee finding that 30 shares of corporate stock standing in the name of William M. McCord, the bankrupt, and now in possession of one Armstrong as collateral for a loan of $1,200, are the property of the estate of Henry D. McCord, subject to Armstrong’s lien and to a lien of $2,400 in favor of the bankrupt.

The referee found that Plenry D. McCord, the bankrupt’s father, subscribed for the stock in question, but died before paying his subscription in full; that.April 27, 1903, the bankrupt, William M. Mc-Cord, who was his father’s executor, advanced $3,G00 out of his own funds to complete the payment, charged the same to his father’s estate and took out the certificate of the stock in his own name; that November 12, 1907, William M. McCord borrowed $1,200 on the stock as collateral from Armstrong. Pie also found, and we agree with him, that William M. McCord took the certificate in his own name for the purpose of preserving a lien upon it for the amount of his advances *821to his father's estate and that if the transaction were voidable because he was individually dealing with himself as executor no steps have been taken to avoid it, and it appears to have been ratified by the estate.

But we think the referee did not give sufficient consideration to two assignments in evidence, viz., March 26, 1907, William M. McCord individually, and March 28, 1907, William M. McCord, trading as Henry D. McCord & Sons, of all his claim against his father’s estate, to the Mechanics’ National Bank without specifying the particulars or amount of same, though the bankrupt testified that it was about $44,000.

Counsel for the bank produced these assignments before the referee, but declined to let the bank become a party to the proceedings. The record does not show on whose behalf they were offered in evidence.

All the referee says on the subject is:

“Whether the Mechanics’ National Bank has any claim upon the stock.cannot he decided in this proceeding for the reason that the Mechanics’ National Bank was not a party to this motion and its counsel on the hearing declined to become sneh.”

This is quite true, but, if at the date of these assignments the estate of Henry D. McCord was indebted to William M. McCord to the extent of $2,400, then by virtue of the assignments the bank can recover this amount from the estate and the order compelling it to pay the same sum to the trustee in bankruptcy to get its own property exposes it to a double payment. On the other hand, if there were then no indebtedness of the estate of Henry D. McCord to William M. McCord, it was entitled to the certificate on payment of $1,200 only, viz., the loan of Armstrong, in whose possession the certificate was. The bank may assert against the estate of Henry D. McCord whatever rights it has acquired by assignment from William M. McCord.

The order is reversed.