Read v. Tidewater Coal Exchange, Inc.

The Chancellor.

It is urged in opposition to the petition of the receivers that to allow settlements of debits and credits to be made in the manner proposed by the receivers would permit one class of creditors to be preferred over other classes.

It is an ancient maxim that equality is equity. If the proposed method of settling the coal debits and credits will result in inequality among those whose rights stand on an equality, then, of course, this court ought to refuse the receivers the authority prayed for. In ascertaining what are the rights of interested parties, the nature and character of…