Waterman Appeal from Probate
Supreme Court of Connecticut
Appeal to the superior court, from the report of commissioners on the assigned esta'te of the Grove Car Works, allowing the claim of Ashmead & Hurlbut. The facts were found by a committee.
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Appeal to the superior court, from the report of commissioners on the assigned esta'te of the Grove Car Works, allowing the claim of Ashmead & Hurlbut. The facts were found by a committee. On the 5th of September, 1854, Thomas J. Fales and John S. Gray, copartners in business under the name of Fales & Gray, engaged in the manufacture of railroad cars, in Hartford, were in embarrassed circumstances, and unable to meet their liabilities in regular course, and proposed to their creditors the arrangement stated in the following agreement, which was signed by them and afterwards by a large number…
1Opinion of the CourtEllsworth, J.
It appears from the record, that Thomas J. Fales and John S. Gray were copartners under the name of Fales & Gray, in September, 1854, in the business of *107manufacturing railroad cars. The value of their estate, real, and personal, was, as then estimated, $5440,000, and their indebtedness was $5205,000. Being somewhat embarrassed, in order to obtain relief, on the 5th day of September, they agreed with their creditors, (with exception of a few,) to form a joint stock company,'under the statute law of the state, with a capital of $5200,000. They w.ere at once to convey all their property above…
2Cases cited1 opinion
- Pratt v. HumphreySupreme Court of Connecticut · 1852
3Cited by12 opinions
- Manistee Lumber Co. v. Union National BankIllinois Supreme Court · 1892
- Finlay v. SwirskySupreme Court of Connecticut · 1923
- Lamkin v. Baldwin & Lamkin Manufacturing Co.Supreme Court of Connecticut · 1899
- Hall v. PiersonSupreme Court of Connecticut · 1893
- Abington v. TownsendSupreme Court of Missouri · 1917
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