Bayne v. United States

This suit was brought by the United States against the trustees of Bayne & Co. The court below passed a decree declaring the United States to be. a preferred creditor of that firm in the sum of $100,000, and directing the trustees .to pay it out of the trust fund in their hands, as far' as it would suffice therefor, to the exclusion of the claims of any other creditor. The trustees appealed to this court.

The proofs, although conflicting in some particulars, establish the material facts which entitle the complainant to relief. The United States, March 81, 1866, gave a draft in favor of Brevet…