Henry Cowell Lime & Cement Co. v. Smith

THE COURT.

One Draeseke, being in failing circumstances financially, on the ninth day of October, 1913, executed an assignment of his property to Jesse A. Muller, as trustee for the benefit of Draeseke’s creditors, and on the fifteenth day of October, Muller and Draeseke executed another assignment of the same property for the same purpose to the defendant Henry L. Smith. Smith was secretary of the San Francisco board of trade, and the assignments to him and Muller were both made for the purpose of closing up Draeseke’s business and paying the proceeds of the sale of his property to his…