Summary

Portrait of Roger B. Taney Roger B. Taney Udell v. Davidson — Opinion of the Court

Miller afterwards conveyed to a man by the name of Joslyn, in secret trust for himself, and subject to his control. Subsequently to this conveyance, Joslyn, by the direction of Miller, conveyed to Udell, the other plaintiff in error, in trust to sell to the highest bidder, and apply the proceeds to the payment of the creditors of Miller, pro rata, if they were not sufficient to pay all demands.
Source: Wikisource

Portrait of Roger B. Taney Roger B. Taney Udell v. Davidson — Opinion of the Court

The land was worth a thousand dollars. The government price to the pre emptioner was only two hundred dollars, which sum was advanced by Udell to Gregory. One hundred and fifty dollars of this money belonged to the creditors of Miller, and was so applied at his request, and upon his statement that this application would be for the interest of his creditors. The remaining fifty was advanced by Udell, to be repaid out of the proceeds of the land, when sold.
Source: Wikisource

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