Lehman Bros. v. Tallassee Manufacturing Co.
Supreme Court of Alabama
Appeals from the Chancery Court at Montgomery. Heard before the Hon. H. Austill. In the matter of the settlement of the affairs, and the marshalling and distribution of the assets, of the Tallassee Manufacturing Company Number One, an insolvent corporation, under a bill filed by Charles T. Pollard and George Goldthwaite, as trustees in a deed of trust, or mortgage, executed by the said corporation ; separate appeals being sued out by Lehman Brothers, a mercantile partnership…
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Appeals from the Chancery Court at Montgomery. Heard before the Hon. H. Austill. In the matter of the settlement of the affairs, and the marshalling and distribution of the assets, of the Tallassee Manufacturing Company Number One, an insolvent corporation, under a bill filed by Charles T. Pollard and George Goldthwaite, as trustees in a deed of trust, or mortgage, executed by the said corporation ; separate appeals being sued out by Lehman Brothers, a mercantile partnership doing business as commission-merchants and bankers in the city of New York; by David Clopton, Charles J. Matthews, and…
1Opinion of the Court
BBICKELL, 0. JA
These are appeals from a decree of the Court of Chancery, rendered in the progress of a suit for marshalling and distributing the assets ol the Tallassee Manufacturing Company Number One, an insolvent corporation, disallowing priorities claimed by the several appellants as creditors. The point of contention in the first case is, whether the appellants, Lehman brothers, are the holders for a valuable consideration, and in good faith, of forty of the mortgage bonds of the corporation, entitled to the security of the mortgage.
It is ascertained, after a rigorous contest by the…
2Cases cited8 opinions
- Fosdick v. SchallSupreme Court of the United States · 1879
- Galveston Railroad v. CowdreySupreme Court of the United States · 1871
- Gilman v. Illinois and Mississippi Telegraph Company. Coykendall, Garnishee v. IdemSupreme Court of the United States · 1876
- American Bridge Co. v. HeidelbachSupreme Court of the United States · 1877
- Bronson v. La Crosse & Milwaukie RailroadSupreme Court of the United States · 1864
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- King v. PorterSupreme Court of Alabama · 1935
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