The Red Cloud chief., 1878-06-13

debt secured by the mo~tgax. In question:.
They undoubtedly. though In fact insolvsns,
hsd the oontroi 81 lsrss ,ums ~ nDon,y tetoog
ing 10 their ieposttots anil other ere.ii,os..
i Ihe nscessiiy n their ft,us;ion compelled
Ssfphshs and Bienhssbssssit ~ sas,sin Allen
and the Ccpk County Bank. b~eaus~ n either
Aim ~ the tank Fad snsp~ndri the bark
ruptc, ~ the arm ~ Allen. STEPHENS a ca.
~ooid Inevitably have followed. and the Mono
mine Transaction you'd hss. been ess1>ed
NO que dnphts OF questions the fac, that o.
sbe time of the execution ~ the moytsas n
Allen sas insoivent stephens aud n snoer
hs,ssit 10Th, hove 'er deny that they tnev Il
AIca's insolvency. Alien t~suse. that ih.y
knev All sf.pn, HI. financial condition. but,
stephens and BIennerhas.~ft swear thaA thsy
believed Alien N be perfectly solvent Who
ever attends " the correspondence between
thess parties from early In October, 1874, sheu
the debt Ia qaestion eommencsd s%ecuinuIs,
inE, IN the 18th ~ November, when n smouu,
ed " the sum ~ e<Ss oil he ~As,opished
Of the svorn statement ~ stephens and Blep-
nefha~sett that they believed Alien a. he per.
ton clearly and unmis,aksbiy reveals the ansn
etal eopditioo 81 Allen, snd Stephens and
b'ennefhassetts knowledge of IL, but tide.
Pen lent OF the conclusive evidence furnished
~ tkis correspondence, the very fact that
Allen had become indebted 10 them for sdvan
ees and oyerdrafts ~ the amount ~ nearly q
half . milton which he could not pay ~ pro
vide Tor, and which he repeatedly acknowL
saEsa b.: Inability 20 pay. .ss mos, ccgent
evidence u the minds 81 Stephens and Blen.
bevneaerft mat Allen wac In 4 state Of cosn-
mercisl Insolvency.
The evidence Of stepbrp.N Rlepne,b...e,,,.
knowledge ~ Mr.. Allen. jnsoivency When ,bs
mortgage vaa executed am 4 Jn,ing On. .,,,.
days when II vas withheld from record "a ~
ouy m,nds sb.ni,,s,v c.n.,n.,.. "a. 49,
c~s,cfullv rclier,sd ara s,,.,aI ,h,. .,v,anns..
ana ve approd N 10 this on,,,no in o,,., a.,
N the auprsme Court sh.ll ace 4, IA d.,.,,n,n.
the the question 81 the ysildi,v ~ H. ,no,,.
gage under the h,nkrup, law N. s,Sy.s ~
that court NAV md tbls In a rony.,tcn, ,,v,n
w,thou, the oc~ssi,y of seanrhinw for 4, .sv :.
have done through the imm,nsc record .h,cs
Ia before ps' ~
The general conclusion. ~ fac, which ve AZ.
lat. That n, y Allen VA. a, ,br ,,,ns ~ m.
execution of the mortrave lnsoIy,o, ana
that stspbeos A Blenperbs.s.,t h,a r..
son 10 Know. and ala know The lac, ~
his insolvency.
"a. Steoh,n. a 6ienn.rba...,, .,c,,,., a..
mottgag, and IA a nav, of ,he,, .cb.ms
Of concealment, withheld n from record
Win in,.n,, ., y,v. "a r. tuan. 'o,uu
i%Ic,i,ious crrdi, and Keen him on, ~
haatrun,cv ua,i a.. 49, nmu "namn,
expire, within which n wa. ne,ss.ayv' ss
they .upposcd. 10 commrnce proseeling.
In bankr,,p,cy in or,icr ,o inyai,J,,a 81.
in.trument'
nj. That during the sixty DAYS. when the
lnnffUuHa Wu as.s.al. .al ntsll.tl
from record. 81. ohcns q Ela",.rha.".,,
actively engaged I'm obtaininy rr,di, sor
Allen and tbr Co,L C"nn;y Vs,ion.i,
hank. and that 10 mi. cnJ ihey mad.
false and fraudulent rrnrc.cn,.ti:,. caI.
cu,atcd and intended ~ ,i.ccive c,.,,i,or.
"A 10 the financial condition 90 "a y AZ
len.
Ith. That dnr,py m. .a,,. Mario, -, ..x,v
dnys. when ~. falls. ami 4,.nJ",.a, 49,,
rescn,a,ino. w.,c Inn. ,naJ. .na ~
e' V'Nh
sold Inv s,.nben. a Risn,.,h.s..,, ,hau
Ln.v ina, {II.n 90. Co. n.."rt,Ia. 49,
Ter and honcics. insnixao.y Ut
h,h. THAT IN. are,i,,,r. ~ n Allan ~.
the Cook Cnun,v p.uL 90. Ia o., 80.
led And derciycJ bv ,hs cnnca.ma,. y,
the mortpng. and nv saiJ ssi.. 49,,
sentations ana ths, ,L.v IA g. S...phh..
tween the daie and r.corIin. ~ On.
mortgage, ,,cno.,, large ann. - m,n..
I'm Aliens nrivate h.nt ana in ..,t 80
Iountv R.rL a., S,o S,.a", =" SopN
~ s.iS Allan AMI $50 h""r p~pS.
large .mnmn, ~, ,ha ,n.,an. %n"y
ana, NJ .siJ s,.,h.,. a 'p,.,Is
srtt '"
n vns sro,ed n, m. h., ,h., .r.a,,.-. h.,.
NO r,vht. nv Tbs sr,ticd is~ ~ f,.s ,n',n,.s. .S
a convcvancs ~ real ..,.,. nnor "mpv...SS
ths, n rs no, h..r ,scosSa, "Pv" ~ h."J"S
deed IL void "A ." nurchascT. Tor va,"s ~,,hn,t
no,,cs h", !. ,s,,ft ."n."e "..nous
c,"d,so,. ~. -. !" ~ ~ MAILS. .he c,a,ms Oh
n n undoub,.JI, .%.,,l.J is- ,n ,h,. So. ~.
rcasnn 4. "hv;o,,. ar,,c . ~ h h,s s.S'e. .ns
a decd il M frsmJ unnn cr.S,,or. r. 49,.
deed vni5 80" ILL.,, !. nu w. .aAcs
Thai n vs. in,s,J.J Nv ~. ~ n.r.'a. " smS~n
DELAY or def,snJ cr.sj,ors' y Ers,a :. . rna',,
of intention This ma,. o,ri.s,nn 80 s."mrI
deed In the absence Of other circumstance of
fraud argue no purpose To defraud creditors.
- pa,.y n,s". "lshno,a = conveyance from the
gc,,cc, or In consequence OF some mistake or
without some accident, without any inten
Ton whnteVer W misieau creditors or prejudice
."." u,snn Nay, u rreul,oI mlgnt' perhaps
uu.,u.,ona'Iy wI,nhoiu sinor,ghge from recoru,
...Ii,...
r,or !. Smpp"se . sreai,"r should take a
or's ern,ertw hs,,ax,p, HIM a. p ,n sI, ~ ..U,
possessed Of ample means to satisfy all other
creditors, and suppose from an unwillingncss
10 hart nus debtor,s credit the mortgage, In
mor,rage from rccor piI'p ~" ,S,sr.nss ''S ao uhs
thence necessarily arise Of an Intention to de
fraud other creditors. A creditor may secure
hlnnaAlf AUAgt hnlrsr NDa l..atlnnNal .atI s-..