Gould Copper Mining Co. v. Walker

This action was originally instituted by the Pioneer Smelting Company against the defendant appellant, to recover on a note for $31,239, dated December 20, 1912, and to foreclose a mortgage on some mining claims of defendant’s given as security to said note. Thereafter the Pioneer Smelting Company was declared a bankrupt, and the plaintiffs herein were appointed its trustees in bankruptcy and, as such, were substituted as plaintiffs in the action. The note provided that interest at 6 per cent should be paid one year from date and semi-annually thereafter. The mortgage was conditioned that the…