If the proceeds of the boat, tackle, and furniture are not sufficient to pay off all the creditors who have joined in the suit, the proceeds shall be ratably divided among them.
Code 1858, § 3562 (deriv. Acts 1833, ch. 35, § 9); Shan., § 5325; Code 1932, § 7971; T.C.A. (orig. ed.), § 64-1913.