Love v. Fulton Iron Works

The bank of Montieello became insolvent and was taken over, and its affairs were being liquidated, by the appellant as superintendent of banks. The appellee filed a petition in the liquidation .proceeding setting forth that the bank had in its possession money belonging to it, and praying that it be given a preference therefor in the distribution of the bank’s assets. This preference was granted by the court below.

The appellee, doing business in St. Louis Missouri, sold to the T. E. Stephenson Sand & Gravel Company of Montieello, Mississippi, certain machinery for seven thousand two hundred…