Conrad & Bro. v. Pancost & Co.
Conrad & Bro. v. Pancost & Co.
Opinion of the Court
The Conrads, partners in trade ait Zanesville, in Muskingum county, and Columbus, in Franklin ■county, in this State, in July, 1860, became embarrassed, and unable to meet their liabilities; and for the purpose of preventing their property being sacrificed to pay their creditors, •sold and transferred a store of goods which they had in Zanesville, to Joseph Cassell, a man without means, who, to aid ■them in their purpose, bought the goods, and undertook to thereafter pay them for the same, some $6000, the value of said goods.
On like terms, and for a like purpose, the Conrads.the next -day sold and assigned their store of goods in Columbus, of the value of some $4000, to one, Ellis Hart, who purchased upon like terms, and for the same purpose.
The Conrads had no other property to satisfy their creditors.
In August, 1860, suits were commenced in attachment, by ■certain creditors of the Conrads, in the court of common pleas of Muskingum county, against them, and the goods at .Zanesville, so sold, taken under the orders of attachment, affidavits having been filed stating that the sale and transfer had been made by the Conrads to hinder, delay, and defraud their creditors, and upon which the orders were issued.
Similar affidavits were made by other creditors in Franklin ■county, and actions commenced, and orders of attachment issued, upon which the goods so sold at Columbus, were seized by the sheriff of that county as the property of the •Conrads. •
In November, 1860, Pancost & Co., and others, creditors of said Conrads, commenced their action in the superior court ■of Franklin county, against the Conrads, and the attaching ■creditors mentioned, in Franklin and Muskingum counties, •and asking that all other creditors of said Conrads might be
An injunction was granted. The attaching creditors appeared and demurred to the petition. A hearing was had; the demurrers overruled; and a judgment entered as prayed for in the petition.
On petition in error in the supreme court, Held:
1. That the goods having been conveyed by the Conrads, under the circumstances, and for the purpose charged in the petition when so conveyed, became, by force of section IT of thé act of April 6, 1859 (Swan & Critchfield’s Stat. T13), in relation to assignments by insolvent debtors, property assigned in trust for the benefit of all the creditors of the debtors; and inured to the benefit of each, in proportion to the amount of their respective claims.
2. That said section 17, in no respect repealed or qualified the provisions of section 191 of the code of civil procedure, but operated merely upon the title of the property already so assigned or conveyed, affixing to it the same title under such circumstances as if expressed in a written assignment by the debtors.
3. That no creditor having applied and procured the ap
Judgment affirmed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.