McMahan v. Stewart

Ray, Oh. J.

McMahan brought his action in the Foyd ~ Circuit Court, alleging that, on the 21st day of October, 1859, he was the owner of five-tenths of the steamboat “New Uncle Sam,” her engines, tackle, and apparel; that Stewart was the owner of two-tenths; that the total value of said boat was $60,000, and that she then owed $40,000, that is, her owners were then indebted in that sum on her account; that it was then agreed by and between said parties that said appellant should sell his five-tenths of said boat, engines, tackle, and apparel to the appellee, subject to her indebtedness, and…