S. J. Peabody Lumber Co. v. Northam

On November 1,1929, The Provident Trust Company, a banking institution of Columbia City, was adjudged insolvent by the Whitley Circuit Court, and the appellee was appointed as receiver to liquidate and wind up its affairs. -The appellant as a creditor of the trust company filed a petition in the receivership, seeking a judgment allowing its claim, and ordering it paid as a preferred claim. To this petition the appellee filed an answer in general denial. Upon these issues the cause was tried by the court, who made a general finding in words and figures as follows: “The court having heard the…