BAYNE ET AL. v. UNITED STATES


93 U.S. 642 (____)

BAYNE ET AL., TRUSTEES, v. UNITED STATES.

Supreme Court of United States.


Attorney(s) appearing for the Case

Argued by Mr. S. Teakle Wallis and Mr. Thomas W. Hall, Jr., for the appellants, and by Mr. R.T. Merrick for the appellee.


MR. JUSTICE DAVIS delivered the opinion of the court.

This suit was brought by the United States against the trustees of Bayne & Co. The court below passed a decree declaring the United States to be a preferred creditor of that firm in the sum of $100,000, and directing the trustees to pay it out of the trust fund in their hands, as far as it would suffice therefor, to the exclusion of the claims of any other creditor. The trustees appealed to this court.

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