Kneeland v. Bass Foundry & Machine Works - 140 U.S. 592 (1891)
U.S. Supreme Court
Kneeland v. Bass Foundry & Machine Works, 140 U.S. 592 (1891)
Kneeland v. Bass Foundry & Machine Works
Submitted April 22, 1891
Decided May 25, 1891
140 U.S. 592
APPEAL FROM THE CIRCUIT COURT OF THE
UNITED STATES FOR THE DISTRICT OF INDIANA
Necessary supplies purchased on credit by the receiver of a railroad, appointed in foreclosure proceedings, if not paid out of net earnings before the sale, are a charge upon the fund realized from the foreclosure sale, and where the railroad managed by the receiver consists of two or more divisions, which are sold separately and at different times to different purchasers, it will be presumed, in the absence of evidence to the contrary, that the court below has correctly distributed such charges among the different divisions to which they properly belong.
The case is stated in the opinion.