David Davis, Bronson v. Railroad Company — Opinion of the Court
“ James and his associates, owning a large portion of the bonds secured by the lien of the first mortgage, insist that the mortgage is an insufficient security, and that they are, therefore, interested in lessening the amount of the decree to be rendered in this cause. Every creditor is, of course, concerned that his debtor should reduce his obligations. The less the debtor owes the greater his ability to pay. ”
David Davis, Bronson v. Railroad Company — Opinion of the Court
“ If this Court should find that Bronson & Soutter are entitled to their whole claim, and in the meantime the property is sold and out of their control, how would their success benefit them? It would be a victory barren of results. If the decree was reversed there could be no restitution of the road, its property and franchises; for purchasers at a judicial sale are protected. ”
David Davis, Bronson v. Railroad Company — Opinion of the Court
“ Now, if the Court had the right to make the decree and order the sale-of which there can be no question-and the right of appeal is in abeyance until the sale is perfected, and the different collateral equities between the Railroad Company and other parties are settled, great mischief might ensue. ”
