Grand De Tour Plow Co. v. Rude Bros. Manufacturing Co.

The opinion of the court was delivered by

Johnston, J.:

This is a controversy between the preferred and unpreferred creditors of the Wichita Implement Company, a corporation which had been in a failing condition for some time prior to November 21, 1895. On that day the corporation preferred one of its creditors, the Grand De Tour Plow Company, by mortgaging and transferring to that company a considerable part of its property and assets ; and at the same time some other creditors were in like manner preferred. In this proceeding the unpreferred creditors challenged the validity of the mortgage…