In re Thompson

THOMSON, District Judge.

This case raises the legal question whether a surety, who has paid the whole debt, has the right to dividends from the estate of an insolvent cosurety on the whole debt, or only on the proportionate part for which the cosurety is liable. The material facts of the case are these:

Anderson was the holder of 15 promissory notes, drawn by J. V. Thompson or J. R. Barnes, to the order of Semans, Hogsett, William M. Thompson, the bankrupt, Rosboro, and Hess, who indorsed the notes. Anderson recovered judgment against Thompson, the bankrupt, for the full amount of the notes,…