Chicago Title & Trust Co. v. Smith
Illinois Supreme Court
Appeal from the Appellate Court for the First District;—heard in that court on appeal from the Circuit Court of Cook county; the Hon. Samuel P. McConnell, Judge, presiding. Early in 1893 the James H. Walker Company, a corporation organized in 1892, was engaged in the wholesale and retail dry goods trade in the city of Chicago.
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Appeal from the Appellate Court for the First District;—heard in that court on appeal from the Circuit Court of Cook county; the Hon. Samuel P. McConnell, Judge, presiding. Early in 1893 the James H. Walker Company, a corporation organized in 1892, was engaged in the wholesale and retail dry goods trade in the city of Chicago. Prior to the organization of the company business had been transacted by a partnership under the same name, composed of Columbus R. Cummings, William B. Howard and James H. Walker. The stockholders of the corporation were: James H. Walker, 3107 shares, $310,700; C. R.…
1Opinion of the CourtJustice Phillips
The question presented in this record is, whether the proceeds of certain accounts alleged to have been assigned by the James H. Walker Company, a corporation, to appellant, in trust for certain creditors, shall be applied on the claims of those preferred creditors or retained by the receiver, who was appointed on the same day but subsequent to that assignment, and by it to. be distributed as a part of the general fund, on all the debts. The distribution to' be made by a receiver is under the supervision of the chancellor appointing him, and his duties and powers are referable to equitable…
2Cases cited8 opinions
- Jones v. WitterMassachusetts Supreme Judicial Court · 1816
- Roseboom v. WhittakerIllinois Supreme Court · 1890
- Weber v. MickIllinois Supreme Court · 1890
- Farwell v. CohenIllinois Supreme Court · 1891
- Gibson v. ReesIllinois Supreme Court · 1869
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3Cited by15 opinions
- Irwin's Bank v. Fletcher, Etc., Trust Co., Rec.Indiana Supreme Court · 1924
- Rose v. DolejsIllinois Supreme Court · 1953
- Rose v. DolejsAppellate Court of Illinois · 1955
- Albien v. SmithSouth Dakota Supreme Court · 1909
- Altschuler v. SandelmanAppellate Court of Illinois · 1931
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