Simmons Hardware Co. v. Thomas

The appellees, William Thomas and Jeremiah S. Grist, were partners, under the firm name of Thomas & Grist, and as such engaged in the retail furniture business. On December 19, 1894, the partners were owing the appellants, firm • creditors, for goods purchased, about $4,000. At the same date they were individually indebted to the remaining appellees, in various sums, aggregating $7,955.48. The partners had, about two years before, gone into business on borrowed capital, and their individual indebtedness was for money borrowed and put into their business. At the date mentioned they gave the…