McLaughlin's Assigned Estate

Opinion by

Mr. Justice Frazer,

Wm. D. First appeals from an order of the court below discharging his rule to show cause why he should not be considered a preferred creditor of F. J. McLaughlin to the extent of $6,700, and asking that the assignee for benefit of creditors be directed to pay to him the sum indicated. Appellant was engaged in the retail hardware business at Conneaut Lake, Crawford County, and, desiring to transfer the stock and fixtures connected with the business to McLaughlin, made a lease to him dated March 25, 1919, for a period of one year, “at the annual rental of $6,700,…