Lawton v. Dargan
Court of Appeals for the Fourth Circuit
Appeal from the District Court of the United States for the Eastern District of South Carolina, at Charleston, in Bankruptcy; Henry A. M. Smith, Judge. In the matter of Hartsville Wood Manufacturing Company, bankrupt. From an order of the District Court disallowing the claim of J. J. Dawton and another as trustees against the estate of which B. D. Dargan was trustee, the claimants appeal.
1Opinion of the Court
ROSE, District Judge.
The appellants seek the allowance o.f a claim against the bankrupt estate. They will be called the “claimants”; the appellee, the “trustee”; the Hartsville Wood Manufacturing Company, the “bankrupt!” The last-named, is a South Carolina corporation organized in 1903, in which year it began business. It never thrived. Its six stockholders kept it afloat by lending it money with *304which’to pay what it owed others. Ror their advances they took its promissory notes.. By 1909 these aggregated nearly $54,000. They then made up their minds to stop sending good money after bad and…
2Cited by6 opinions
- In Re John Koke Co.Court of Appeals for the Ninth Circuit · 1930
- Potts v. First City BankCalifornia Court of Appeal · 1970
- Haese v. A. R. Demory Inv. Co.Court of Appeals for the Ninth Circuit · 1930
- In Re Burnet-Clark, LimitedCourt of Appeals for the Second Circuit · 1932
- Irving Trust Co. v. MaxwellCourt of Appeals for the Second Circuit · 1932
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