Anglo-California Trust Co. v. Oakland Railways

This is an appeal, on the judgment-roll alone, by the Oakland Railways, one of many defendants, in an action brought by the plaintiff, as trustee of a note issue, to recover the amount of the notes and to foreclose the collateral transferred in trust to secure their payment. The findings are comprehensive, and the pertinent facts clearly appear therefrom.

The defendant Oakland Railways was the controlling stockholder of the San Franciseo-Oakland Terminal Railways, which latter corporation was formed by the consolidation of four previously existing railroad corporations. On or about the twelfth…