McCormick v. Puritan Coal Mining Co.

THOMPSON, District Judge.

A creditor’s bill was filed against the Puritan Coal Mining Company averring that it was possessed of assets consisting in part of anthracite coal lands and mining, properties in op-*332eratíon and producing coal, and having a value in excess of its liabilities, if treated as a going concern, that the defendant had pressing obligations which it was presently unable to meet, and that many of its creditors were demanding immediate 'payment and threatening legal proceedings. An answer was filed admitting the averments of the bill, whereupon receivers were appointed for…