In re Peltasohn
U.S. Circuit Court for the District of Eastern Missouri
The bankrupts were wholesale millinery merchants in St Louis. The assignee filed a petition in the district court, representing that the bankrupts had fraudulently withheld from him goods and property to the amount of $48,000, and asking an order on the bankrupts to show cause why they should not turn over that amount of prop-' erty to him.
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The bankrupts were wholesale millinery merchants in St Louis. The assignee filed a petition in the district court, representing that the bankrupts had fraudulently withheld from him goods and property to the amount of $48,000, and asking an order on the bankrupts to show cause why they should not turn over that amount of prop-' erty to him. The order issued, and the bankrupts appeared and filed a sworn answer denying the charge, and stating that they had delivered to the assignee-all their property and effects. The matter was heard by the district court upon the examination of the bankrupts…
1Opinion of the Court
DILLON, Circuit Judge.
It is an admitted fact that at cost price the bankrupts had on hand, on January 1, 1873, goods to the amount of $41,740.61. They failed in November of that year. Between January 1, 1873, and their failure, they purchased goods to the amount of $81,589.53, making stock to be accounted for' $123,330.14. These sums are shown by the bankrupt’s books. The books show sales, for cash and on credit, during this period, to the amount of $72,503.95, at sale prices. If sold without loss or profit, the bankrupts ought to have had on hand at their failure, goods to the amount of…
2Cases cited1 opinion
- In re StansfieldDistrict Court, D. Nevada · 1877
3Cited by1 opinion
- In re McKennaDistrict Court, W.D. Tennessee · 1881