Schmitt v. Wright

On November 29, 1932, Arthur J. Schmitt, the appellant, filed a bill in the circuit court of Cook county asking to redeem from a chattel mortgage 194^3 shares of the common capital stock of the Walnart Electric Manufacturing Company. He also prayed for an accounting, and that the Continental-Diamond Fibre Company be decreed to hold certain real estate, machinery, etc., as trustee for appellant and the other two original stockholders of the Walnart Company as their interests might appear and for a conveyance thereof to appellant and such stockholders.

The Walnart Company owed $86,726.13 to the…