Snipes v. Dexter Gin Co.

BRICE, Chief Justice.

The action: To recover the equivalent of the proceeds of a government subsidy check and sixteen bales of cotton. The question: Which of two claimants had the superior right to the property mentioned ? The facts:

The appellant contracted in writing to sell and convey to one Gentry certain real estate in consideration of a cash payment of $3,000, the assumption of an existing mortgage note due the United States of $3,500 secured by the property, sold, balance in fifteen annual payments of $1,500 each represented by fifteen promissory notes due one each year during fifteen…