First Nat. Bank v. Central Nat. Bank

The questions here considered arise upon a demurrer to the complaint. In July, 1884, the firm of Halsted, Haines & Oo. made a general assignment for the benefit of creditors. Under that assignment the defendant the Central National Bank was a preferred creditor to the amount of $40,000, and this amount of money was actually paid to it by. the assignee. Some time after the assignment, and after the payment of the $40,000, one of the plaintiffs recovered judgment against the assignors, and at intervals thereafter, during a period ending in December, 1887, the other plaintiffs recovered other…