In Re Ford

NETERER, District Judge.

The act of June 25,1910 (Comp. St. § 9598), reads:

“ * * * (3) Obtained money or property on credit upon a materially false statement in writing, made by him to any person or his representative for the purpose of obtaining credit from such person. ’ ’ [1] The word “credit” comes from the Latin word “credere,” to trust, and may be said to imply ability by reason of property pr estates to make promised payment. Bouv, Law Diet, says; “Credit: The ability to borrow on the opinion conceived by the lender that he will be repaid. A debt due in consequence of a contract of hire…