In re Snyder & Johnson Co.

N.D. Illinois

In re Snyder & Johnson Co.

133 F. 806, 1904 U.S. Dist. LEXIS 81

CourtDistrict Court, N.D. Illinois

DecidedJuly 11, 1904

DocketNo. 10,696

StatusPublished

This text of 133 F. 806 (In re Snyder & Johnson Co.) is published on Counsel Stack Legal Research, covering District Court, N.D. Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

In re Snyder & Johnson Co., 133 F. 806, 1904 U.S. Dist. LEXIS 81 (N.D. Ill. 1904).

Pincite

Opinion

KOHLSAAT, District Judge.

This cause comes before the court on exceptions to the referee’s report, holding that the respondent is not a-trader, or otherwise, within the meaning of the statute concerning bankruptcy. The respondent is a corporation organized under the laws of Illinois. Its business was that of soliciting advertisements, and then placing them in the newspapers, at rates previously furnished to it by the various papers. These rates were such that the respondent was able to realize a profit. They were in no sense agents of the newspapers, but, so to speak, sold the advertising to the papers. It would seem that to this extent they were traders in the general sense. The referee, however, found to the contrary; basing his finding on the decision of the Court of Appeals of this circuit in Re Surety Guaranty Trust Co., 121 Fed. 73, 56 C. C. A. 654, in which case the court seems to hold that the statute applies only to persons trading in tangible property or chattels. Under this ruling, the referee is right.

The exceptions are overruled, and the report is approved.

Free access — add to your briefcase to read the full text and ask questions with AI

KOHLSAAT, District Judge.

This cause comes before the court on exceptions to the referee’s report, holding that the respondent is not a-trader, or otherwise, within the meaning of the statute concerning bankruptcy. The respondent is a corporation organized under the laws of Illinois. Its business was that of soliciting advertisements, and then placing them in the newspapers, at rates previously furnished to it by the various papers. These rates were such that the respondent was able to realize a profit. They were in no sense agents of the newspapers, but, so to speak, sold the advertising to the papers. It would seem that to this extent they were traders in the general sense. The referee, however, found to the contrary; basing his finding on the decision of the Court of Appeals of this circuit in Re Surety Guaranty Trust Co., 121 Fed. 73, 56 C. C. A. 654, in which case the court seems to hold that the statute applies only to persons trading in tangible property or chattels. Under this ruling, the referee is right.

The exceptions are overruled, and the report is approved.

Cite This Page — Counsel Stack

Bluebook (online)

133 F. 806, 1904 U.S. Dist. LEXIS 81, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-snyder-johnson-co-ilnd-1904.

Opinion

Related

Cite This Page — Counsel Stack