Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1875-12-10
NO. 292.

| erty can be otherwise disposed Of It gives lien
on such property to receive the payment of this
debt. In that case statute of Virginia required
| an ofhcer who took goods on certain premises
under legal process 10 pay ont of the proceeds the
rent 10 aireaF, aud the Chief Justice remarks
"We cannot doubt th ct this statute creates lien
in favor of the landlord, and lien of high and
peculiar character" While that language is pc
cularly applicable to the present case the lien in
the present case is OF . higher nature, as the
party claiming it has discharged prior lien upon
the same property, for the exact amount which he
now claims to be allowed, and all parties interest
ed in the property have been benefited to the
exact amount claimed, as no could have in any
way recovered dollar from the property without
first discharging the ineumbranec.
In =, Story 3D. Parker IS. Muggridge & al,
Mr.. Justice Story SAYS THE plaintiffs have an
equitable lien and superior lille to the property.
over the Assignee and the general creditors and
the Assignee must take the property OF the bank
rupt for the general creditors subject to t, lien
and superior tile = and the property will
be followed and affected with the trust, in the
hands of the Assgnecs. in the same manner and
to the same eNte ct il would be in the hands of
the bankrupt. We nh know that 10 bankruptcy
the Assignee takes only such rights as the bank.
rupt himself had, and il subject to like equities
This last proposition, with modification re-
peatedly recognized by Judge Story himself, rh.i
| IN cases OF fraud the Assignee may acquire and
enforce rights which the bankrupt could not, has
|
neeu "li1ine' scores oi '!iies, oy every tripunai
IN Wy r = ulIeu otatcs Aunihsteiihg the Dankrupt
law. If bankruptcy had not intervencd, the bank
lupI couiu Iiot na'c prevented tne creeutors re-
the proceeds of the sale of the goods upon which
they had a valid statute lien charged with thi.
t'en .aoso sooos pas:eu ~ Inc Assienee, anu Tue
o"nN.up' .ou.' "uih.nis'clus pilhcifies9i etuuy,
statute for atfording redress to these claimants.
Having taken this property, burdened with this
ancunuplan'e !. - uounu on e,eiy Pini'P1c .,
Iut' la" IH " see ta. .u,s ieu IS pau VI az"
ieiS uisenai sIu ue.o.o II WIN "ow any Poieon
Oh the pIoeeeus OIL tle properly 10 DC ois'riou'e"
among INC genera ereeiiIots;
~ 's sait .u.' ss "i hot justly .ne
puY men " 1.t -io.1o 1eihe ior .ne rem l'on
.le - III 9i Auausl ~ 'i.o uay Vi tIc mug !uc pc
e'tion III ~ Is ei.ineu una, ,uis sum
was Paiu oF ioice VI thS pe1tiohefs ophsauon OF
August -'tn ps Mhlcn .ne. On cel'ain az, Gonuions
became Pefsohaoiy aceouh,aole 10 Tue iessors ior
tne SUBSEQUENT ,eh,. ahese Gonu.ions appear 20
hsst peen col'pii." Wi'n =. tne iess1i anu all
VI lhe opinion that ,ie Pe..ioneis nau fenoereo
themselves peis9iSiy a.c9uii.aoie iot .ne Iulu.e
rent o,t ai31 upia tl,s' tllis Ieieuy was EereIf
cumuia'l'e, anu tnAl !ne iessols sun nou "S se-
curry unoer tiis'r lnofgsee ior ns paGmen.. iney
nao uone noliiu. .. 'uac t-iio ~ u'a.uAI Se ,uis
secufi'!' Vi ~ Jstop 'hen to d. '.ins .ueuscNe@
OF IL IN ease became necessary Tor thelr protec'
tioh. ihcy hao IeceHeu payment ior ren1 up 10
the Z, IN OF Augus', anu hau al Tue same uine as
sef'eu uis'incuS, luelt oIah "ouei 'hc inor'SaSe
as security loi iusufe rent
Between these oates, aug. -'ln anu sept. zoth,
BAKER was III possession VI tne premises, resisting
inc process OF Iolcloie eluS anu ue:ainer ihsti,u
teu 10 ou>l nun 'hereiioin ms iurnture was also
theie s"''lec - % ~. lne penent ol Tue
petuoncf'' VINO nau at 'hat time mucn larger
interest al stake 10 me same properly, oy reason
OF the1 Len on lae ssfne' ior lhe amount pad bt
them 10 me ies9ols. lney were therefore, as II
were, conpenee ;h 10 J,'unarse & ,ne clam ior Ine
SUBSEQUENT rent wnicn was secured on tne prop
erty' suoJect 10 .eir mems anu alacnment Is the
ciaiin ior rent thos. cettahy wUulo nave priorny
over the claim oy attacheht' 1ne pay ment OF the
renI was NOT strictiy Dy force
oi 'he PROVISIONS Vi 'ne law pelore c!teo, ana IL
did not therefore strictly acquire Tor It's security
lien as provided by statute which would require
.ne pay nt u. uy siie iioin .ne PIoceeos OF
sale Out us pA!eh' RON .aese proceeas may IN
ny view, DC Jastineu unuer tne circumstances, as
against tne Assisnees Oh Tue pah.ruPt py the
pIlnciPie oI suproEaIion, "h,cn Is frequently
adopted oy courts Oh Equily. IL tne mortgage ls
20 DC aeehea as now outstanding lor tne security
Q. lne pasmen. Oh .ns rent wn,cn, under the CIR
iii'y "eii a,'n'' "a uouo., 10 ,nS mort.
sssees upon hotlSe nave hoV oolsctea 10 tne SAFE
o. 'he nloit:ageu @ properly or 70 the granting OF
.he P,asot P VI tne Pt'seut po'uon, ~ Is Possioie
'n~t ,"e ioi'sasoes hight in.Iiposc anu ooJect'
anu sna, ~ asainst 'aIla snu NIL iu.ure cIaimr
uhoer 'hI: inol.Sasc, .nS pe'.loners could hot IL
ss' oh "e.uS sIol II 90 W .neh iisn.s, 1ao the
va, lI9ht maui " '.eh .ol lnis subsequent rent
out 40 hot th'nA the As,ighees IN bankruptcy
are al hoer'y 10 insist on 'nS ooec,ion IN oehait
el Efnersl ered.'"rs .lrs. Is wen sel1iea anu
iaui"t piinS"e 'na' nc " no seeul.es AZ interest
~ an e''ate tnat Is soJect TO or other
cnarsei aequtes al inc same 'llnc .ne rignt 70 pay
or such nioit o. 10 eN1IeIa.c .he estate IN
Tue SAUL iaunei 'at nc "ouio nats peeh entiue"
"ho creI'eu w anu tGat ~ so d0ng
ne becomes substituted III the place Oh nim 10 wnom
he mas Paio tIe money IN an cases IN whlcn II 10
Necessary l1r ms pFotection mat me nc9morsnce
shou!u DC KEPT awe ana ne VIII IN al cases OF
MAKING sucn paYmeh, DC deemed the assignee, II
an ASSIGNMENT WIZ oetter suoserve the ends OF
Justice than payment ana extinchon would do
10 n; NJ IL y. fletcher e. chase.
-" nero party advancing money TO pay the
debt OF tnifd person. 10 compelled TO pay It to
protect ms own f,ghts' court OF Equity substi-
'Gtes MN IN me place oi the credtor' as matter
OF course. without any agreement 10 that effect
rage, ~ oahloiu 's. Mclean.
fof tnese tesaons, noiu tnat as against The
Ashghees tnese petitloners 81 nave rignt TO demand
the payment OF tne S-lo'59 from the sales OF the
mqftgsgea properly, equally with the larger sum.
the s%p bsne Ssa9 @