Totten & Hogg Iron & Steel Foundry Co. v. Muncie Nail Co.

The original action in this case was by a stockholder of the appellee company, showing an indebtedness of the company to an amount in excess of $100,000.00, the bringing of attachment and garnishment proceedings by creditors, etc., and asking that the company be adjudged insolvent and a receiver be appointed to close up its affairs. This was accordingly done, and the receiver sold all the property of the company for $22,600.00.

*373Among the claims allowed against appellee was one in favor of appellant. After the allowance of its claim appellant filed a petition as intervener, ashing that the…