Ferguson & Co. v. Ricketts

WOODROUGH, Circuit Judge.

Ferguson & Co., a corporation, petitioned the bankruptcy court to compel the trustee in bankruptcy of the Lincoln Trust Company to turn over to it a note and mortgage valued at $7,000.00 then in the possession of the trustee in bankruptcy among the assets of the bankrupt estate and referred to in these proceedings as the Spurrier mortgage. Ferguson & Co. alleged that it had delivered the Spurrier mortgage and assignment thereof to the president of the Lincoln Trust Company on or about April 14, 1932, to hold the same in trust and to deliver the same to the Lincoln…