On the 3d of July, 1901, the Union Cloak and Suit Company, a domestic corporation, was indebted to the defendants in this action in a sum upwards of $1,500, and on that day it assigned to them, to-apply on such claim, all of its interest in the sum of $1,000, which it had previously deposited, for a specified purpose, with the United States Fidelity and Guaranty Company. This sum the defendants subsequently received from the Fidelity and Guaranty Company.
On the 22d of July, 1901, a petition in involuntary bankruptcy was filed against the Union Cloak and Suit Company, and on the thirtieth of the same month it was adjudged a bankrupt. On the nineteenth of August following plaintiff was elected trustee of the bankrupt’s estate, and he thereupon brought this action to recover the $1,000 received from the Guaranty Company upon the ground that the assignment of such sum to the defendants was in violation of section 60 of the Bankrupt Act (30 U. S. Stat. at Large, 562), which reads as follows:
“ Sec. 60. Preferred Creditors.— a. A person shall be deemed to have given a preference if, being insolvent, he has procured or suffered a judgment to be entered against himself in favor of any person, or made a transfer of any of his property, and the effect of the enforcement of such judgment or transfer will be to enable any one of his creditors to obtain a greater percentage of his debt than any other of such creditors of the same class.
“ b. If a bankrupt shall have given a preference within four months before the filing of a petition, or after the filing of the petition and before the adjudication, and the person receiving it, or to be benefited thereby, or his agent acting therein, shall have had reasonable cause to believe that it was intended thereby to give a preference, it shall be voidable by the trustee, and he may recover the property or its value from such person.”
*278The defendants had a verdict, and from the judgment thereafter entered dismissing the complaint,, and from an order denying a motion for a new trial, the plaintiff has appealed.
The real difference between the parties upon this appeal turns upon the construction to be given to the section of the statute referred to. The appellant contends that all he was obligated to prove to entitle him to a verdict was: (1) That the Union Cloak and Suit Company was insolvent at the time the assignment of the $1,000 was made to the defendants; (2) that the defendants then had reasonable cause to believe that a preference was intended to be given; and (3) that a preference in fact was given, and they were thereby enabled to obtain a greater percentage of their debt than other creditors of the Union Cloak and Suit Company. The respondents contend that the plaintiff was bound to establish, in addition to the foregoing facts, that the Union Cloak and Suit Company intended by the assignment to give the defendants a preference. The trial court adopted the construction contended for by the respondents and charged the jury that it was necessary for the plaintiff to prove to entitle him to a verdict “ that in transferring to the defendant the $1,000 the said company intended to give a preference to the defendant.” An exception was taken to this portion of the charge, and whether or not it was well taken presents the principal question to be determined upon this appeal.
A transfer of property by an insolvent is not rendered voidable under the section of the statute referred to, unless the transfer is made with an intent to create a preference. This fact must bo established, as well as the fact that the preference was thereby created and that the person receiving the same had, at the time, reasonable grounds to believe that a preference was intended. (Crooks v. People's Nat. Bank, 72 App. Div. 331; Crittenden v. Barton, 59 id. 555; Matter of Ebert, 1 Am. Bank. Rep. 340 ; Matter of Hall, 4 id. 671.) The words used in the statute clearly indicate this purpose on the part of the lawmaking power. The words are, “ has procured or suffered a judgment,” etc., “ or made a transfer,” etc., words indicating some act on the part of the insolvent in or by which the preference is created and which necessarily imply an intent on"his part. The intent, therefore, must be proved — not necessarily by direct evidence, but by facts and circumstances *279from which ifc can be found that it existed at the time the transfer was made.
It is also urged that the court erred in overruling plaintifE’s objection and admitting in evidence in a proceeding in the United States District Court affidavits made by the witness Tate and one Heath, officers of the Union Cloak and Suit Company, which contained statements as to the financial condition of the company a few months prior to the time the assignment was made. This evidence was introduced on the cross-examination after it had been made to appear that an inventory of the cloak and suit company’s property had been made at about the same time the affidavit was made and after the witness had given testimony as to its assets and liabilities. It was, therefore, proper for the purpose of testing or impeaching the credibility of the witness Tate.
Error is also claimed because the trial court refused to charge the jury in accordance with plaintifE’s requests. At the close of the trial plaintifE’s counsel presented to the court fourteen separate requests to charge. It does not appear from the record that the court made any ruling on these requests, and the only exception in reference to them which appears in the record is the following: <c I except to each of your Honor’s refusals to charge to* my several requests.” This exception is not to any ruling of the court and not sufficiently definite and specific to enable us to review it. (Read v. Nichols, 118 N. Y. 224.)
Finally, it is urged that the verdict was against the weight of evidence and that the court erred in not granting defendants’ motion to set the same aside on that ground. After a careful consideration of the record we are of the opinion that there was sufficient evidence to go to the jury upon all the questions involved. As to the insolvency of the Union Cloak and Suit Company at the time the assignment was made, there was evidence from which the jury might find that its total assets, including accounts against third parties, were, or that it had reasonable grounds to believe the same were, sufficient to pay all of its debts in full. One of plaintifE’s witnesses, the secretary and treasurer of the company, testified that on the seventeenth of July following the time the assignment was made the company was solvent and its assets then exceeded its liabilities. There was also *280other evidence to the same effect, including that of plaintiff’s expert accountant. If it were, in fact, solvent, or if it believed itself to be, and there existed facts as a basis for the belief, then there was sufficient evidence to justify a finding that it did not intend, in making the assignment, to give the defendants a preference. If it, were, in fact, insolvent, and intended to give a preference, then there was sufficient evidence to go to the jury as to whether or not-the defendants had reasonable cause to believe that the Union Cloak and Suit Company intended, by the assignment, to give them a. preference over other creditors.
We are of the opinion, therefore, that the case was properly disposed of at Trial Term and that the judgment and order should be affirmed, with costs.
Van Brunt, P. J., O’Brien and Hatch, JJ., concurred; Ingraham, J., concurred in result.
Judgment and order affirmed, with costs.
Si6.