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GRATIOT STATE BANK v. JOHNSON

No. 148.

249 U.S. 246 (1919)

GRATIOT COUNTY STATE BANK v. JOHNSON, AS TRUSTEE OF THE ST. LOUIS CHEMICAL COMPANY, BANKRUPT.

Supreme Court of United States.

Decided March 17, 1919.

Attorney(s) appearing for the Case

Mr. Elliott G. Stevenson and Mr. William L. Carpenter for petitioner.

Mr. Edward J. Moinet and Mr. William A. Bahlke for respondent. Mr. Edwin H. Lyon was on the briefs.

MR. JUSTICE BRANDEIS delivered the opinion of the court.

The trustee in bankruptcy of the St. Louis Chemical Company brought suit in a state court of Michigan against the Gratiot County State Bank to recover, as illegal preferences, payments made to it within four months before the filing of the involuntary petition. The Bank denied the allegation that the Chemical Company was insolvent when the payments were made. To establish that fact, the Trustee offered in evidence...

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