In re Chandler
District Court, N.D. Illinois
[The question in this case arises on the report of H. N. Hibbard, Esq., one of the registers of this court, on an application by the assignee of the bankrupts lor an order to expunge the claims of the parties named, as well as a large number of other claims, depending on substantially the same facts.
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[The question in this case arises on the report of H. N. Hibbard, Esq., one of the registers of this court, on an application by the assignee of the bankrupts lor an order to expunge the claims of the parties named, as well as a large number of other claims, depending on substantially the same facts. It appears from the testimony submitted with the register’s report that in the month of May, 1872, and for several years prior thereto, the bankrupts, Peyton R. Chandler and the firm of Chandler, Pomeroy & Co., were engaged in the business of buying and selling grain on the Chicago market, and as…
1Opinion of the Court
BLODGETT, District Judge.
The proof shows conclusively that the plans of Chandler and the fact that he was manipulating the market with express reference to a corner in oats for June, were well known and understood on the board of trade, while the number of these “put” claims, about one hundred and twenty-five, all, or substantially all, in favor of members of the board, show that the struggle between Chandler, who was endeavoring to hold up prices, and the sellers of “options” and holders of “puts,” who were endeavoring to break the price, was quite generally participated in by members of the…
2Cases cited3 opinions
- Tatman v. StraderIllinois Supreme Court · 1860
- Cassard v. HinmanThe Superior Court of New York City · 1857
- Garrison v. McGregorIllinois Supreme Court · 1869
3Cited by1 opinion
- W. Tin Yan v. L. Ah ChapDistrict Court, D. Hawaii · 1915