Lampkin v. Peoples' National Bank

Plaintiff is trustee in bankruptcy in charge of the estate of Daniel McNair and J. Louis McNair, who were partners as retail merchants. They owed the defendant $1,200 and paid that debt and defendant received the money at a time when said Mc-Nairs were insolvent, and (it is charged) the defendant had reasonable cause to believe that it was intended by McNairs to give it a preference over other creditors, contrary to the intent and purpose of the bankrupt law. Within a few days after this payment was made the McNairs were adjudged bankrupts by the Federal district court for the Western…