Abe Bloch & Co. v. Spruance

JAMES, Chief Justice.

L. J. Moreland and L. W. Thomas, composing the partnership of Moreland & Thomas, being insolvent, on March 23, 1894, conveyed to Thomas Spruance their entire stock of goods, fixtures and safe, in trust to pay, after paying the proper costs and expenses of executing the trust, first the creditors designated as “Class A,” ratably; and second, those in “Class B,” ratably, and to return the balance, if any, to the makers of the instruinent. The creditors in class B were all firm creditors; likewise all in class A, except the firm of Spruance & Bledsoe, of which the trustee…