Dolan, Drury & Co. v. Wilkerson

This is a controversy over a stock of merchandise, between the mortgage, and attaching, creditors of John P. Cole. For many years he carried on a grocery business in Topeka, sometimes carrying a stock worth $50,000; and the volume of business transacted by him for a great part of the time was very large. He purchased goods upon credit, and became largely indebted to the jobbers from whom he purchased, as well as to others. In 1891, his stock *759had dwindled in value to $7,000 or $8,000, and he was then financially embarrassed and actually in an insolvent condition. A number of actions had been…