Johnson v. Chapman Milling Co.

(after stating the case as above).

The facts of this case are not materially different from those of Patty-Joiner & Eubank Co. v. Cummins (Tex. Civ. App.) 59 S. W. 297, Id., 93 Tex. 598, 57 S. W. 566, decided by Texas courts, and International Shoe Co. v. Pinkus, 173 Ark. 316, 292 S. W. 996, decided by Arkansas courts, where it was held, in effect, that an assignment under a state statute by an insolvent debtor of his property for the benefit of his creditors who accepted thereunder was valid, “except as against proceedings seasonably taken under the National Bankruptcy Act.” In the Pinkus…