Northern Bank v. Keizer

JUDGE ROBERTSON

delivered the opinion op the court:

J. W. and W. C. Houghton, who had been parteners in the manufacture of bagging and rope, and owned between them much more individual than partnership property, apprehending their inability to pay all their debts, on the 11th of January, 1862, assignedall their partnership and individual property to C. M. Keizer in trust, to apply the 'partnership property to the payment of their partnership debts, the individual property to the payment of their individual debts, and then to distribute among all the creditors, pro rata, the residue of the…