International-Great Northern R. v. Binford

WALKER, Circuit Judge.

When the railroad lines and other properties of the International & Great Northern Railroad Company were placed by the court below in the hands of a receiver in 1908,'in a mortgage foreclosure suit, that company owed certain debts to a bank which thereafter were assigned to one of the appellees, the Concrete Investment Company, which is herein referred to as the Concrete Company. Claims asserted by interventions in that suit that those debts were entitled to priority over the claims of mortgagees and general creditors were rejected. Thereafter in 1913 the Concrete…