Southern Bank v. Wood & Champlin

On the 6th of March, 1857, in the State of New York, the defendants, Wood & Champlin, copartners and residents of the city of New York, executed an Act in which they represented they were indebted to “ sundry persons in sundry considerable sums of money,” and being unable to pay the same in full, were desirous of making a fair and equitable distribution of their property and their effects, among their creditors, wherefore, for the sum of one dollar to them in hand paid, they sold, assigned and transferred to Van Blascom & Hayes, of the city of New York, in trust for certain purposes, all…