In re Saxer

SIMONS, District Judge.

This controversy was submitted to the District Court sitting in bankruptcy without a jury, and presents the question whether the execution and delivery of a certain trust instrument by the alleged bankrupt constitutes an act of bankruptcy, in (a) that it is a general assignment for the benefit of creditors, or (b) that the effect of it is to hinder, delay, and defraud creditors. While other acts of bankruptcy are charged in the petition, no proof is presented of the insolvency of the alleged bankrupt, and the petitioners rely upon the acts of bankruptcy claimed to have…