Luhrig Collieries Co. v. Interstate Coal & Dock Co.

The action above entitled is the ordinary creditors’ bill for conservation. Receivers were appointed and ancillary bills filed in every other jurisdiction where the defendant had property. In due time a reorganizaton of defendant was agreed upon by v creditors et al., and orders passed, not only in the original, but in the .ancillary, jurisdictions for sale of all that defendant had. At this sale Thosmil Corporation was apparently the highest and best bidder, its bid was accepted, and it made a deposit of $5,000 at the time of bidding, in accordance with the terms of sale. Subsequently the…