Crystal Springs Bank v. New Orleans Cattle Loan Co.

The New Orleans Cattle Loan Company seeks to foreclose a mortgage executed to it by Mathis by bill in equity. The mortgage covers a lot of cattle, and pending the litigation a receiver was appointed to take charge of them, who, *53pursuant to an order of the court below, sold them, and holds the proceeds thereof to await the final decree. The cause was heard on bill, answer, and proof, and, after the evidence was closed and the cause was being argued by counsel, several of Mathis’ unsecured creditors, or rather creditors holding liens on property other than the cattle here in question, but the…