William Burnham Woods

“ Thus, to prove that plaintiff in error had reasonable cause to believe that the sale made to him by Carney on July 22d was in contemplation of insolvency, it was competent to show that on June 22d, just one month before, Carney had made another sale to the plaintiff in error of 50,000 boots and shoes, worth $45,000, and then within eight days thereafter, by a secret agreement, had reinvested Carney with the ownership of one-half the property so sold. Evidence tending to establish both these facts was produced and submitted to the jury. ”

“ The suit was brought to recover from Rosenthal certain money paid and property sold to him by Carney in fraud, as was alleged, of the bankrupt act. A petition in involuntary bankruptcy had been filed against Carney by his creditors October 20, 1875. He was adjudicated a bankrupt March 18, 1876, by the district court for the Eastern district of Missouri, and on May 1, 1876, Player, the defendant in error, was appointed assignee of the estate. ”

“ It is undoubtedly true that if he was put upon inquiry as a reasonable man, which he refused to follow up, and which, if you found as a fact, if he had followed up would have led to a knowledge, then the statute would have been a bar. ”