Lydia Pinkham Medicine Co. v. Gibbs

Simmons, O.-J.

The Gibbs Drug Company was, according to the record, in failing circumstances. Gibbs, the proprietor, undertook to prefer certain of his creditors by executing mortgages and transferring his notes and assigning his accounts to them. The assignment of the accounts was in writing and pasted in the front of the ledger, and stated that all of the accounts in that book, from the first to the last page, inclusive, were assigned to these creditors. At the time the mortgages were *139executed, the notes transferred and the accounts assigned, Culberson and Blalock were present as attorneys…