House-Hasson Hardware Co. v. Petros Coal Mining Co.

delivered tlie opinion of the Court.

In this ease a general creditor’s bill was filed to wind np the Petros Coal Mining Company as an insolvent corporation.

The chief asset of the coal mining company was a leasehold interest in certain coal properties owned by Mr. Winslow and others, for which the company was under contract to pay certain rent and royalties.

The bill was sustained as a general creditor’s bill and a receiver appointed. The mine was operated for more than a year under the orders of the court, and the assets of the company were finally sold for $5,000.

It is conceded that the coal…