Willamette Nav. Co. v. Hartford Fire Ins.

(after stating the facts as above). The Willamette Navigation Company, being a bailee for hire, *466whether as carrier or warehouseman, could lawfully insure the entire interest in the paper rolls entrusted to its care for carriage or storage, and, if loss occurred, would be entitled to demand and collect from the insurer the entire amount of the loss sustained covered by the insurance. In such case, however, it would hold the excess above its own interest in the paper for the use and benefit of the owners of the paper, or others concerned therein. Phœnix Ins. Co. v. Erie & W. Transportation Co.,…