Kenney v. Ranney

Ryan Bros., of Detroit, dealers in knit goods, were succeeded by the Peninsular Knitting Works, of which John T. Ryan was vice-president, which, becoming-involved, on April 1, 1891, gave a mortgage upon its stock and property to one Balch to secure two notes, of $30,-101.03 and $15,000, respectively. On April 9 proceedings were begun in chancery to foreclose this mortgage, and defendant was appointed receiver, and ultimately sold the property mortgaged, by order of court.

The plaintiff is a dealer in yarn at Chicago, and had an arrangement with Ryan Bros, to send them yarn subject to their…