Grosse v. McKey

PAGE, Circuit Judge.

The controversy here, between P. Louis Grosse, appellant, and appellee, trustee in bankruptcy of Otto H. Grosse, involves the validity of two Hlinois chattel mortgages from bankrupt to appellant.

The first mortgage was made October 5, 1923, to secure a note for $6,500, maturing October 5, 1925, and the second was made October 9, 1925, to secure a note for $8,500, due on or before 3 years after date. The second mortgage embraced the property covered by the first, and also additional property owned by bankrupt, and both covered substantially all of the property owned by the…