Bellevue State Bank v. Hailey National Bank

— Respondent brought this action to recover $3,507, the proceeds of a sale of mortgaged property, claimed to have been wrongfully converted by appellant. In March, 1919, Brown Bros., a copartnership, gave respondent a mortgage on 150 head of cattle as security for a $6,000 note. Appellant held a second mortgage on 205 head of Brown Bros.’ cattle including the 150 head mortgaged to respondent. In September, 1919, Brown Bros, shipped and sold two carloads of the cattle covered by the mortgages. Both appellant and respondent consented to the sale. Wm. F. Brown, who represented Brown Bros,…