Eddy v. Ireland

Boeeman, J.:

On the sixteenth day of September, 1882, James Payne, being indebted to Walker Bros., executed to them a chattel mortgage on bis stock of goods, consisting of boots, shoes, ■etc., to secure them in tbe sum of $6,000, — the amount of bis indebtedness — and provided therein that James E. Lees should take and bold possession of tbe goods as ■agent of tbe mortgagees. He did not take possession, nor did any one else do so under tbe mortgage, but tbe goods were allowed to remain with tbe mortgagor, and be continued to sell and carry on tbe business as usual until tbe seventeenth day of…