Appellate Court of Illinois March 13, 1891 (Atlas National Bank of Chicago v. More)

Gary, J.

On the 25th day of September, 1888, the Wilson & Bayliss Company was incorporated as the successor of George Wilson, Jr., and Thomas P. Bayliss, in the furniture trade. The corporation took the merchandise, fixtures, lease and good-will of the firm of Wilson & Bayliss in payment for a large part of its stock, but the debts due from and to the old firm remained theirs.