Mathews v. Bond

These two chancery causes, which were argued together, present the same question of law.

The record displays the following facts:

The Peters Mountain Lumber Company, a corporation engaged in the manufacture of lumber, being-indebted to William C. Bond in the sum of $22,495.36, for a certain saw mill and engines and equipment and steel railroad track purchased of him, and desiring-to secure the payment of the amount due, on April 2, 1921, executed the deed of trust involved in this litigation, naming S. M. Croft as trustee.

The debt secured was payable April 2, 1923, and the property conveyed…