In re Josephson

(orally). This is a contest between equities. The Exchange Bank, engaged in the banking business in this city, ha's loaned Simon Josephsoii sums of money at various times, and taken promissory notes, and mortgages on his stock of goods therefor. *405Claflin & Co. and other general creditors sold Simon Josephson goods. Neither the debt due on the mortgages nor the debts due for the goods have been paid. Simon Josephson has become a bankrupt, and his assets are in process of administration in bankruptcy. The fund in court is largely claimed by the Exchange Bank because of the mortgages which it…