Case ID: f-cas_18/html/0094-01.html
Source: Caselaw Access Project
Author: {"author": "", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Case No. 10,172.
    NEWLIN v. GARWOOD.
    Debtor and Creditor.
    Where one. all of whose property at a certain time amounted in value to about $4,500, entered into mercantile speculations to the extent of some $60,000, and made purchases on credit for that purpose, and about that time purchased real estate to the value of $2,500. which sum he withdrew from the $4,500. and in a few months afterwards conveyed the real estate in trust for his wife and children, after which he continued in business for several years, and then became a bankrupt, having never been free from debt at any time subsequent to the purchase of the real estate, held, that the assignee in bankruptcy was entitled to the real estate.
   [Before KANE, District Judge. Cited in 1 Whart. Dig. 572, to the point as stated above. Nowhere reported; opinion not now accessible.]