Clark v. Manufacturers' Mutual Fire Insurance

The Manufacturers’ Mutual Fire Insurance Company, organized under the laws of this State, was, on the 26th day of April, 1890, by the superior court of Marion county, at the suit of one of its policy-holders, and on a showing and confession of danger of insolvency, placed in the hands of a receiver to close up its affairs with a view to going out of business.

The controversy in this ease is between the receiver and certain creditors of the company, who, by their intervening petition, show, in substance, the following facts.

The company, while doing business, issued two forms of policies, one…