The  joint  property  is  deemed  a  trust  fund,  primarily  to  be
applied  to  the  discharge  of  the  partnership  debts  against  all


1  Mumma  v.  The  Potomac  Company,  8  Peters,  R.j^Sl,  286.
2  Wood  V.  Dummer,  3  Mason,  K.  308  ;  Vose  v.  Grant,  16  Mass.  R.  505,  517;
522  ;  Spear  v.  Grant,  16  Mass.  R.  9,  15  ;  Curson  v.  African  Company,  1  Vern.
R.  121 ;  S.  C.  Skinner,  R.  84.
3  Ibid.
BQ.   JUB. — VOL.   II.  53


626  EQUITY^JURISPRUDENCE.  [cH.    XXXIII.
persons  not  having  a  higher  Equity.^  A  long  series  of  author-
ities (as  has  been  truly  said)  has  established  this  Equity  of  the.
