Marshall & Ilsley Bank v. Mooney

Bird, C. J.. The thing sought to be done in this proceeding is to foreclose a mortgage for $2,000 given by defendants to the plaintiff bank on certain real estate in Van Burén county. The circumstances attending the giving of the mortgage are that defendant Mooney was financially interested in the Milwaukee Western Cold Storage Company, a Wisconsin corporation, and was one of the directors thereof. In January, 1914, the company’s business needs required a loan of $12,-*515000. Application was made to the plaintiff bank. The bank was unwilling to make the loan unless the company’s paper was…