Ryan v. Miami Railway Co.

9 Ohio Cir. Dec. 399

Opinion

Caldwell, J.,

in an oral opinion, held that Ferris is only entitled to the amount which he would have received had there been no composition between the stockholders and the other creditors, and the stock had been assessed to the full amount, and each creditor had received his pro rata share, it being conceded that the stock would not have yielded enough to have paid the creditors in full.