Hutchinson v. Sutton Manuf'g Co.
U.S. Circuit Court for the District of Indiana
In Equity. Suit by William B. Hutchinson, assignee of the Hopper Lumber & Manufacturing Company, against the Sutton Manufacturing Company, to set aside a mortgage. On exceptions to the master’s report.
1Opinion of the Court
BAKER, District Judge.
The hill of complaint seeks the setting aside of a preferential mortgage executed by the Hopper Lumber & Manufacturing Company to tlie Sutton Manufacturing Company to secure the latter from loss by reason of payments made and of liabilities incurred on account of accommodation paper disrvvn by the former and accepted by the latter. The business affairs of each company were managed by a board of three directors. The directors of the Button Company were James S. Hopper, 'Henry 8. Hopper, and Benjamin F. Button; and the directors of the Hopper Company were James 8. Hopper,…
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