, 1872-12-17
THE LAW COURTS.

E0lES Of INTEREST.
The rule on the Assignees Of Ira T. Mum ct
H. in Bankruptcy, to show cause why the prop
e1tv r,ozasaged to Jesse Hoyt should not be sold
to pav fhe amount due that person, was an
-evcred Yesterday. The Assignees sfirm that
they have uet had time since their appointment
to investigate tns matter with sufficient close
ness to enable them to make stated reply, but
they state the general situation Of said matter
as follows: That the mortgaged property Is
worth 500, 900, and the amounts due thereon to
Hoyt do not exceed half that sum; that said
property belonged to two of the Eaid bankrupt
Aiunn & scott1 up to the 23d September, 1872
less than four months prior to the
fling Of the petition On which the
firm of Mum. Norton & Scott was declared
bankrupt that said property was then trans
fesred By said Mum Scott, Who we're lnsol-
yect, to Geo Armour t. Co.. who we're creditors
Of theirs and had reasonable cause to believe
they were insolyent, for the purpose OF giving
them fraudulent preference; that said convey
ance was absolute on it's face, but was really IN
tended as a security for Indebtedness to them
zion Of said property that, thereafter, they do
liyered up possession thereof to said Jesse HoJt,
ss mc1tgager, who now holds it, and las leased
it to seid Armour Co., who are now in actual
beneficial nse, and is likely. to be, and that the
1a6jec. aa5js II to ESs' any lens lens OF It, Is
aad di is vested il these respondents as Aasignees.
hrL should be sold by them alone, at such t1uo
md 1pder such circumstances as they may Judge
ct, under the supervision OF the Court; that the
present IS not favorable time to make such
r., having been executed and made payable in
tho State Of New York where q contract to psy
10 per cent. such es this, makes the contract
void; that said Mum T. Scott we're not indebted
= TY +4 +1.a ~ n ~
when it was made, nor for 1ny large proportion
cs il. but tho same was given. at random, under
- agreement not to hsge it record
q for tho fraudulent purpose ot G
a tn;eiea e. Scott and dindueing those others to
easo ,at MI: tS sad to enable aeid Hoyt at such
ta qss IL teem en- h lid ;adge favorable to record the
same. s ng md at to aeaa said property to the the
exclusion Of 9th. 52f i1oat thaa sioee oee aba tba
half and two sSo2tgage said Hoyt
mskng has Of ne aeo SAD ans moneys fro said
Munn d Scott, which ought to Seepinr the
ed upon said mortgage especially :; Te5,sad aed
interest down, but which he failed ii. ~ m
to do. The petitioners conclude by pray "s>nsx.
ther time tonveatigate the facts so as to pr ~ s.
bill in chancery to set aside said mortgage b.
declare it void, and to examine into all transac,
tions connected with the estate. IN order tnat
assured in the hasty and informal way in which
these matters are now presented
Farnum & Chidester yesterday petitioned for
the bankruptcy Of Hy. c. Childs and Timothy
Z. Vcrdicr, alleging that Childs has removed to
another State, and that Verdier has concealed
large sums OF money with the intention Of re-
moving to Colorado, and that both have gwen
preference to various creditors with the vie" OF
Staying proceedings until they had an opportu-
nifty Of realizing on their property fraudn1ently.
The petitioners claim to Be creditors to the
extent Of 81 ,321. The different persons holding
property or security. thus made preferential
H3m disposing of such property until tho Court
las decided all questions in dispute IS to claims
OF the holders.
In Frank +. Perkins ct al. new method Of