Security Savings & Trust Co. v. Portland Flour Mills Co.

The plaintiff, Security Savings & Trust Company, as the assignee of M. H. Houser under an assignment for the benefit of creditors, brought this suit in equity to recover from the Pacific Coast Elevator Company the sum of $64,835.82 and interest thereon since July, 1920, at the rate of 6 per cent per annum, and to compel the defendant, Portland Flour Mills Co., to account for and pay said sum to plaintiff out of certain moneys, which it is alleged have been received by it and should, under equitable principles, be applied in payment of said sum.

The suit grows out of the following facts: In…