Dowling v. Sollie & Sollie

GARDNER, Justice.

Complainants are the members of two law firms, Sollie & Sollie, and Farmer, Merrill & Farmer, who held in trust the sum of $52,500 collected by them in compromise of some eleven insurance policies, totaling the sum of $76,000, issued upon the property of the Rainbow Manufacturing Company, Inc., an insolvent corporation, whose property was destroyed by fire,.and containing simple or open mortgage clauses.

Three of these policies, aggregating $18,-500, were held by H. PI. Dowling, appellant here, payable to him as his interest might appear. Dowling held the first mortgage on the…