Munsey v. G. H. Tilton & Son Co.

The Supreme Court of the United States has said that the power of a court of equity to appoint receivers and to authorize them “to raise money necessary for the preservation and management of the property, and make the same chargeable as a lien thereon for its repayment, cannot, at this day, be seriously disputed.” But that court has also said “It is, undoubtedly, a power to be exercised with great caution; and, if possible, with the consent or acquiescence of the parties interested in the fund.” Wallace v. Loomis, 97 U. S. 146, quoted with approval in Union Trust Co. v. Railway, 117 U. S.…