State Bank of Stephen v. Farmers Grain Co.

Plaintiff appeals from an order denying its alternative motion for judgment non obstante or for a new trial.

This is an action in conversion. ' Plaintiff claimed title to certain grain of the alleged value of $5,000 by virtue of a chattel mortgage executed by one Pagnac. A verdict was returned in favor of defendants.

Pagnac was indebted to the State Bank of Stephen on two promissory notes, each bearing date November 6, 1923, one for $1,566.79 and the other for $1,500. These notes were secured by the chattel mortgage referred to, which by its terms covered mortgagor’s one-half interest in the…