Love v. Carpenter

This was a suit between partners (railroad contractors), for the adjustment of the business of the firm. It was tried by a referee, who found that Carpenter had, out of his private means, made advances for the firm, in paying off its paper made for loans of money and expenses and discounts, the sum of $35,850.16; that there was also due him, for personal services and expenses, $22,596.83; that he had paid to sub-contractors $150,582.66; and that assets of tho firm had como into his hands in the sum of $214,797.31. The conclusion of the referee from these facts was, amongst other things, that…