Shire v. Hummel

EVAN A. EVANS, Circuit Judge.

This appeal is from an order disallowing a claim filed by appellants against the partnership estate for Strauss Bros., bankrupt.

For many years, three brothers, Maurice, Gustave, and Siegfried Strauss, as copartners, conducted a large wholesale tailoring business in Chicago under the firm name of Strauss Bros. Maurice, because of ill health, withdrew from active participation in the firm business in 1911, and died in 1916. Shortly thereafter, the two brothers, by written contract, purchased the interest of the deceased partner for $180,000, payable in installments.

T…