Where property, choses in action, or effects of the debtor are in the hands of third persons, or third persons are indebted to such debtor, the attachment may be by garnishment.
Code 1858, § 3478 (deriv. Acts 1794, ch. 1, § 22); Shan., § 5238; Code 1932, § 9428; T.C.A. (orig. ed.), § 23-701.