Sands v. . Boutwell

[EDITORS' NOTE: THIS PAGE CONTAINS HEADNOTES. HEADNOTES ARE NOT AN OFFICIAL PRODUCT OF THE COURT, THEREFORE THEY ARE NOT DISPLAYED.] Three points are made by the counsel for the appellant in support of the appeal:

First. That the company had no right to divide their business into two departments, or the receiver to assess the notes of one department only, although the assessment be for losses occurring upon risks taken in that department to which they belong. This point is disposed of by the decision of this court in the case of White, Receiver, v. Giles Ross and others (decided at September…