Ragsdale v. Mitchell

The appellee’s complaint alleges that he purchased at public sale certain lands; that the sale was made by Davis Harrison, assignee of William Ragsdale, bankrupt; that under the order of the United States Circuit Court the money was to be applied, first, upon the debt of the NorthWestern Mutual Insurance Company as a prior lien; and, secondly, upon the debt of the appellee, whose claim had been declared a preferred lien, on the ground that it was for the purchase-money of the land; that the amount'of the preferred liens named was $16,000, and that the land sold for $12,000, leaving unpaid a…