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Reports of Cases in the High Court of Chancery of Maryland 1846-1854
Volume 200, Volume 1, Page 264   View pdf image (33K)
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264 HIGH COURT OF CHANCERY.

tribute one-half, and the others each one-fourth; the proceeds
of the claims and dividends so purchased, to be divided in the
same proportion. On the exhibition of the agreement between
Putney and German, one-fourth of the sum awarded to Putney
and Riddle by the Auditor's report of the 16th of January,
1845, was, by order of the court, directed to be paid to Gor-
man. Under the agreement of September, 1844, German and
Riddle purchased and took assignments from numerous cred-
itors of Putney and Riddle, including those already assigned to
the two latter. Counsel were employed by Gunuaii and Rid-
dle to prosecute the claim against the government for work
done and materials provided in the erection of the warehouse
in Baltimore, who were to receive one-half of German and Rid-
dle's share of the money recovered, and Green agreed to allow
them the same proportion of what he would be entitled to as trus-
tee. By a subsequent agreement between Gorman and Riddle and
two of their counsel, it was stipulated, that the sums expended
by the two former in purchasing claims should be first deducted
from the amount recovered, and the counsel should receive one-
half of the residue. The amount received by Green from the
government, on account of this claim, was $13,985 38, and the
counsel and Gorman and Riddle, desiring to have a settlement,
had a meeting for that purpose, on the 2d of September, 1846,
and three papers were executed by them, by the first of which
they waived any right which they might have to the sum of
$2000, retained by Green for distribution, under the direction
of the court; amongst the parties entitled by the second,
Gorman and Riddle were allowed $2500 for moneys expend-
ed in buying up claims against Putney and Riddle, and
Green was allowed $600 for commissions on the money then in
his hands, and the further sum of $200 for defraying future
costs and charges. Of the residue of said sum, after making
these deductions, one-half was to be paid to the counsel by
Green, for which he was to be allowed credit. The object of
the third paper was to indemnify Green, who had, on that day,
advanced the sum of $5,842 69 to Gorman and Riddle, in case
he should not, as trustee, be allowed for it. By an agreement



 
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Reports of Cases in the High Court of Chancery of Maryland 1846-1854
Volume 200, Volume 1, Page 264   View pdf image (33K)
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