Brown v. King

Defendant King and his assignor, the State Savings Bank of Harrison, made loans to one John Reed to enable him to continue certain lumbering operations which he had begun on lands in Roscommon county, and the bank took, as security for its loan, á chattel mortgage on certain logs which had been cut from said premises. Default in payment was made by Reed, and defendant King discharged his obligation as indorser and took an assignment of the security to himself. Later, when he attempted to enforce his lien, complainant filed this bill to prevent him from so doing, claiming that he was not only…