Doane v. Union National Bank

On August 31, 1888, Samuel Bliss made a voluntary assignment to George M. Bogue, for the benefit of creditors.

In October thereafter, by an arrangement honestly believed to be advantageous to all parties, and entered into with the full knowledge of the court and in perfect good faith, the assignee having ascertained that the claims would amount to some $97,000, John W. Doane, the appellant, proposed. to furnish the assignee with money enough to pay the claims and to buy all the assets.

The assignee reported to the court that the claims amounted to $97,344.31, and that Edward J. Holden had…