Stetson Shoe Co. v. Proctor Hall Co.

*279OPINION

By LYNCH, J.

‘ As we view it, stated tersely, the question presented for our determination is whether there is a binding legal agreement between said Dollar Savings & Trust Company and the George E. Keith Company, under' which this court can and should order and decree that said receiver, out of-*280the dividends which the Keith Company would otherwise be entitled to receive on its certain notes, amounting to $19,888 pay to said bank the balance due it of $6,006.08, .plus interest.

We find from the record and the evidence that in the spring of 1930 the Proctor Hall Company was heavily…