Tiedeman & Brother v. Imperial Fertilizer Co.

The exception taken which raises the question to be decided in this case is to so much of a final decree as gives priority to two certain claims over general creditors in the distribution of funds in the hands of a receiver. Weeks & Reid, a mercantile firm, were indebted to various parties. Weeks conveyed his interest in the firm property to Reid, and Reid then made a conveyance to Nicholson as assignee, for the benefit of the firm creditors. This instrument embraced the entire property and assets of the firm, and made two of its creditors, to wit The -Imperial Fertilizer Company and J. S.…