Bartlett Frazier Co. Inc. v. Humiston St. John Co.

The defendant is a Minnesota corporation and as such was engaged as a warehouseman in handling grain and other commodities at several stations in the southwestern part of this state. The plaintiff brought this action in July, 1924, against the defendant to recover upon a large indebtedness, alleging in its complaint that defendant’s assets consisted largely of local warehouses which, if not operated, would decline in value but if properly conserved would be sufficient to pay creditors; that there was imminent danger of insolvency and, in connection therewith, asked that a receiver be…