In re Cross
District Court, N.D. New York
In Bankruptcy. In the Matter of John M. Cross, bankrupt. On review of report and decision of a special master. Review of that part of report and decision of Hon. Chas.
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In Bankruptcy. In the Matter of John M. Cross, bankrupt. On review of report and decision of a special master. Review of that part of report and decision of Hon. Chas. Jj¡ Stone, special master, holding in substance that the City Bank of Syracuse, N. Y., received a voidable and recoverable preference, knowing of the insolvency of the bankrupt, on the 23d day of October, 1916, and on the same day the petition in bankruptcy was filed, by means of a check of the bankrupt, drawn on his bank account for the sum of $2,755.24, and applied as a payment on a note of the bankrupt for $18,000 held by…
1Opinion of the CourtRay, District Judge
(after stating the facts as above). At the times mentioned the City Bank was a banking institution or company of the city of Syracuse, doing business as such. Prior to April 15, 1916, the now bankrupt and one Ahlheim became copartners in trade in *771the city of Syracuse, and borrowed from the said bank the sum of $18,000, said indebtedness being represented by the promissory note of such firm, and as security for its payment the firm assigned to the bank all their accounts receivable. It was agreed between the bank and such copartnership that the latter in the course of its business might…
2Cases cited8 opinions
- Scott v. ArmstrongSupreme Court of the United States · 1892
- Studley v. Boylston National BankSupreme Court of the United States · 1913
- New York County National Bank v. MasseySupreme Court of the United States · 1904
- Continental & Commercial Trust & Savings Bank v. Chicago Title & Trust Co.Supreme Court of the United States · 1913
- Traders' Bank v. CampbellSupreme Court of the United States · 1872
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3Cited by1 opinion
- Woodlawn Farm Dairy Co. v. Erie R. R.District Court, M.D. Pennsylvania · 1921