thus-"I hereby accept the trust created by the above instrument and agree to perform the same. Dated August 10th, 1887, RICHARD ROE (with acknowledgement of execution) or, by incorporating the following clause in the assignment and the assignee joining in the execution and acknowledgement thereof. "The party of the second part doth hereby accept the trust created and in him reposed by these presents; and doth for himself, his heirs executors and administrators hereby covenant and agree to and with the said party of the first part, his executors, administrators and assigns that he the said party of the second part will honestly and faithfully and without delay execute the same according to the best of his skill knowledge and ability.' In N. Y. employees (for wages) are to be preferred in distribution of assets before other creditors and by laws of 1887, preferences are forbidden, beyond one third of the estate remaining after payment of employees and expenses. No. 31.—Assignment by a Firm for the Benefit of Preferred Creditors. This Indenture, made this first day of July, in the year one thousand eight hundred and eighty-seven between JOHN DOE and RICHARD DOE, of the city of Philadelphia, in the county of Philadelphia, and state of Pennsylvania, copartners, known as, and doing business under the name, style, or firm, of JOHN DOE and BROTHER, of the first part, and JAMES SMITH, of the city of Philadelphia aforesaid, of the second part: WHEREAS, the said firm or copartnership are justly indebted in sundry dues and considerable sums of money, and have become unable punctually to pay and discharge the same, and are desirous of making a fair, just, and equitable distribution of all their property and effects. among their creditors— Now therefore, this Indenture witnesseth, that the said parties of the first part, in consideration of the premises and of the sum of one dollar to them in hand paid by the said party of the second part, the receipt whereof is hereby acknowledged, have granted, bargained, covenanted released, sold, assigned, transferred, and set over, and by these presents do grant, bargain, covenant, release, assign, transfer, and set over, unto the said JAMES SMITH, of the second part, and to his successors and assigns forever, all and singular the lands, tenements, hereditaments, and appurtenances, situate, lying and being within the state of Pennsylvania; and all goods, wares, merchandise, chattels, notes, bills, bonds, judgments, evidences of debt, securities and vouchers for and affecting the payment of money, claims, demands, things in action, and property of every name and nature whatsoever, of and belonging to the said parties of the first part (and which are more particularly and fully enumerated and described in the schedule hereto annexed, marked "Schedule A"). To have and to hold the same and every part and parcel thereof with the appurtenances thereunto belonging, to the said party of the second part, his successors, and assigns: I trust, nevertheless, for and upon the following uses and purposes, namely: the said party of the second part to take possession of all and singular the lands, tenements, and hereditaments, property and effects, hereby assigned, and sell and dispose of the same with all reasonable diligence either at public or private sale and for the best prices that can be obtained therefore, for the interest of all the parties concerned, and convert the same into cash; and to collect all and singular the said notes, bills, bonds, judgments, evidences ofdebt, securities, claims, demands, things in action, and property, or so much thereof as may prove collectible, and thereupon execute, acknowledge, and deliver, all conveyances, receipts, and instruments, necessary and proper in the premises, for the purposes aforesaid. And by and with the avails and proceeds of such sales and collections to pay or cause to be paid First, all the just and reasonable expenses, costs, commissions, and charges, of executing and carrying out the objects of this assignment; and all rents, assessments, and taxes, due or to become due on the lots, lands, tenements, and hereditaments, aforesaid, until the same shall be sold and disposed of according to this assignment. Secondly, to pay and discharge in full the several and respective debts, notes, bonds, obligations, and sums of money due or to grow due from the said parties of the first part, or for which they are jointly liable to the said party of the second part, and the several other persons and firms specified in the schedule hereto annexed, marked "Schedule B;" together with all interest-moneys now due or to grow due thereon; and if the said proceeds and avails shall not be sufficient to pay and discharge the same in full, then such proceeds and avails shall be distributed pro rata among the said several persons and firms named in Schedule B aforesaid, in proportion to the amount of their respective claims. Thirdly, to pay and discharge all the other copartnership debts, demands, and liabilities whatsoever, now existing, whether now due, or hereafter to become due, provided that there be sufficient funds for that purpose; and should they prove insufficient, then the same shall be applied pro rata to the payment of such debts, demands, and liabilities, in proportion to their respective amounts. Fourthly, to pay and discharge all the private and individual debts of the parties of the first part, or either of them, whether now due or to grow due, provided there be sufficient funds for that purpose; and should they prove insufficient, then the same to be applied pro rata to the payment of the said debts in proportion to their respective amounts. Lastly, to return the full surplus of the said proceeds and avails, if any there shall be, to the said parties of the first part, their executors, administrators, and assigns. And for the better execution of these presents, and of the several trusts hereby reposed, the said parties of the first part do hereby nominate, constitute, and appoint, the said party of the second part, their and each of their true and lawful attorney, irrevocable, with full power and authority to do, transact, and perform all acts, deeds, matters, and things, which are or may be necessary in the premises, as fully and completely as they, the said parties of the first part, or either of them, might or could do, were these presents not executed; with full power of substitution and revocation, hereby ratifying and confirming all and every thing whatsoever that our said attorney or his substitute shall lawfully do or cause to be done in the premises. In witness whereof, &c. Sealed and delivered in the presence of JOHN SMITH, JOHN DOE (seal). No. 32.-Assignment of the Partnership Property by one Partner to the other to wind up the Concern. This Indenture, made this tenth day of October, one thousand eight hundred and eighty-seven, between JOHN DOE, of Concord, in the county of Merrimack, and state of New Hampshire, and RICHARD ROE, of the same place. WHEREAS, a copartnership has heretofore existed between the said JOHN DOE and RICHARD ROE, under the style and name of DoE and ROE, which said copartnership has been this day dissolved by mutual consent: Now, therefore, this Indenture witnesseth, that the said JOHN DOE has sold, assigned, transferred, and set over, and by these presents does sell, transfer, assign, and set over, unto the said RICHARD ROE, his half part of all the goods, wares, merchandise, property, and effects, and stock in trade, belonging to the said copartnership, and also all the accounts, notes, bills, bonds, things in action, claims and demands due and owing to the said firm. To have and to hold the same unto himself and his assigns, in trust to sell the said property and effects in such manner as he may think proper, but not on a longer credit than ninely days, and to collect, demand, sue for, and receive, all sums of money due or to become due upon the said bills, notes, bonds, accounts, claims, and demands; and with the moneys thus collected, realized, and obtained, to pay off and discharge all the debts and obligations of the said firm, if the same shall be sufficient therefor; and of the balance, if any there shall be, after satisfying all the claims and demands against the firm, to pay over the one half part to the said JOHN DOE or his legal representatives. And the said JOHN DOE doth hereby make, constitute, and appoint the said RICHARD ROE, his true and lawful attorney, irrevocable, in the name of the late firm or otherwise, to sell the said property and effects of the late firm, and all the interest of the said JOHN DOE in and to the same; and also ask, demand, sue for, collect, and receive, any and all debts, claims, and demands, due or to become due and owing to the said late firm, to compound the same and prosecute suits for the recovery thereof in his discretion; to defend any and all suits that may be brought against the said firm; to make, execute, deliver, and acknowledge, all necessary deeds, conveyances, releases, receipts and discharges, in the premises, and generally to do any and every act and thing requisite and necessary to secure a full, entire, complete, and speedy settlement of all the business and affairs of the late firm of DOE and ROE, hereby ratifying and confirming any and everything which the said RICHARD ROE may lawfully do in the premises. And the said RICHARD ROE, for himself, his heirs, executors, and administrators, covenants with the said JOHN DOE, his heirs, executors, and administrators, that he will sell the aforesaid property to the best of his ability, and for the best price he can obtain therefor; and will use all diligence to collect all the debts, claims, and demands, due the said late firm, and that he will faithfully apply the proceeds of such sales and claims in accordance with the above-recited trust. And the said JOHN DOE, for himself, his heirs, executors, and administrators, covenants with the said RICHARD ROE, that if, after the entire proceeds of said property and effects, claims and demands, of the said late firm, have been faithfully applied to the payment of the debts, liabilities, and obligations, of the said late firm, there shall remain any debt or liability unsatisfied, that then he, the said JOHN DOE, his heirs, executors, or administrators, will pay and satisfy the moiety or one half part of any and every such debt or liability; and the said RICHARD ROE, his heirs, executors, administrators, from the one half part thereof save harmless and keep indemnified. In witness whereof, &c. [as in No. 25]. PATENTS, COPYRIGHTS AND TRADE-MARKS. A PATENT is a grant by the United States of an exclusive right to manufacture and sell an invented article for a limited period. The invention must be new and useful, to entitle an inventor to a patent. If merely an application of an old invention, the patent will not be granted, or if patented or described in any printed publication in this or any foreign. country before his invention or discovery thereof, and if in |