Wilbur v. Almy
Supreme Court of the United States
This was an appeal from the Circuit Court of the United States for the District of Rhode Island, sitting as a court of equity. The facts in the case are stated in the opinion of the court, to which the reader is referred.
1Opinion of the CourtJustice Curtis
deliveied the opinion of the court.
Samson Almy filed his bill in the Circuit Court of the United States for the District of Rhode Island, stating that one Christopher Lippitt, on the _ 7th day of March, 1828, entered into a contract in writing with Hazard & Co., the effect of which was to create an equitable mortgage on certain machinery for the price thereof advanced by Hazard & Co., who were to supply Lippixt with cotton, receive and sell the cloth, allow him three and a half cents 'per yard for manufacturing, aiid credit half the profits towards paying for the machinery, retaining the…
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