John A. Roeblings Sons Co. v. Frederickson Logging & Timber Co.

The Frederickson Logging & Timber Company, the defendant herein, was engaged in an extrahazardous occupation, and incurred certain indebtedness to the state of Washington for industrial insurance premiums during the year 1926 and a portion of the year 1927. In the latter part of the year 1926, the Western Cooperage Company, an Oregon corporation, respondent herein, loaned to the Frederickson Logging & Timber Company the sum of twenty thousand dollars, which loan was secured by a chattel mortgage upon all the engines, tracks, rails, tools and equipment of every character used by the logging…