Snell v. Ives

Decided January 15, 1877

Illinois Supreme Court · decided 1877-01-15

Thomas F. Tiptom, Judge, presiding. This was an action of assumpsit, by Almond B. Ives, for the use of Samuel FT. Young and Abner S. Bacus, against Thomas Snell, Abner Taylor, James Aiken and Thornton Snell, late partners under the name and style of Snell, Taylor & Co. The plaintiff’s claim originated as follows: The township of Bloomington had voted a subscription of $100,000 to the Lafayette, Bloomington- and Mississippi ¡Railroad Company.

Good law ✅— No negative treatment on recordhow we know

Decided 1877-01-15

How this case has been cited

Cited by 14 later decisions — most recently February 1923

2 federal appellate · 11 state decisions

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Mr. Justice Dickey

¶1delivered the opinion of the Court:

¶2The charge of fraud, made by appellants, is not sustained by the proof. The weight of the evidence leads to the belief that the Lafayette, Bloomington and Mississippi Railroad Company was indebted to appellee. It was also indebted to divers other creditors. Appellants seem, from the proofs, to have made an agreement with the railroad company, by which they bought all the property and credits of the corporation, and assumed to pay all its debts. The evidence fully sustains the verdict, and we find no good reason for disturbing the judgment.

¶3The judgment of the court below is affirmed.

¶4Judgment affirmed.