State Ex Rel. v. Caldwell

This bill alleged that Caldwell was indebted to the State by reason of having executed as surety bonds to secure payment of deposits made by the State in certain banks which had become insolvent and had failed to pay the deposits after demand; that Caldwell was insolvent, and was indebted to numerous‘other creditors who were threatening to sue him and attach or otherwise impound his property, which was described; that the State as the sovereign was entitled to priority in his assets and that unless restrained he would dispose thereof. The bill prayed for an injunction restraining other suits,…