State v. Merchants Bank

Good, 0,

In 1897, in the district court for Lancaster county, the Merchants Rank was adjudged insolvent, and S. A. D. Shilling was appointed receiver to' wind up its business. In this case the Chicago Cottage Organ Company, Kate C. Zehrung, and A. J. Campbell intervened and procured the allowance of preferred claims in their favor and against the said bank, aggregating $1,868, with interest from the date of their allowance at 7 per cent. In 1901, and during the pendency of the receivership proceedings, these parties sold and assigned their preferred claims to W. W. Towle for sums aggregating…