134 Iowa 227 | Iowa | 1907
One E. E. Snyder, doing business as a private banker, under tbe name of “ Bank of Olin,” became insolvent,, and made an assignment to the defendant herein for the benefit of his creditors on December 13, 1904. A few days prior to the assignment, and at a time when he knew he was insolvent, and knew that he had no funds in the hands of his correspondent bank at Chicago, Snyder sold to the plaintiff a draft on said correspondent for $190,
Council for appellee seek to avoid the effect of our former decisions, by claiming that the record in the present
Bor the reasons stated, the ruling of the district court refusing preference to plaintiff’s claim is reversed, and cause remanded for further proceedings in harmony with this opinion.— Reversed.