Wheeler v. Acme Harvesting Machine Co.
Appellate Court of Illinois
Creditors’ suit. Appeal from the Circuit Court of Peoria county; the Hon. N. E. Worthington, Judge, presiding. Certiorari denied by Supreme Court (making opinion final).
1Opinion of the Court
Mr. Presiding Justice Dibell
delivered the opinion of the court.
The Acme Harvester Company, hereinafter called the Illinois Company, was an Illinois corporation engaged in manufacturing harvesters and harvesting implements in Peoria County. In 1903 it became financially embarrassed, having assets of great book value and a large indebtedness. Conferences were held between its officers and its stockholders and its creditors. An arrangement was made by which a creditors ’ committee was appointed with authority to take charge of the business when that arrangement was assented to by a certain large…
2Cases cited4 opinions
- Bruffett v. Great Western Railroad Co. of 1859Illinois Supreme Court · 1861
- Kingman & Co. v. MowryIllinois Supreme Court · 1899
- Beardstown Pearl Button Co. v. OswaldAppellate Court of Illinois · 1906
- Morgan County v. ThomasIllinois Supreme Court · 1875
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