Crawford v. Washington Northern R.
Court of Appeals for the Ninth Circuit
Appeal from the District Court of the United States for the Southern Division of the Western District of Washington; Edward E. Cushman, Judge. Suit in equity by the Mississippi Valley Trust Company and the Union Trust Company against the Washington Northern Railroad Company, the Oregon-Washington Timber Company, the Blazier Timber Company, and William W. Crawford, trustee. Erom the decree, Crawford, trustee, appeals.
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Appeal from the District Court of the United States for the Southern Division of the Western District of Washington; Edward E. Cushman, Judge. Suit in equity by the Mississippi Valley Trust Company and the Union Trust Company against the Washington Northern Railroad Company, the Oregon-Washington Timber Company, the Blazier Timber Company, and William W. Crawford, trustee. Erom the decree, Crawford, trustee, appeals. On June 4, 1910, the Oregon-Washington Timber Company, hereinafter called the Timber. Company, placed two mortgages on 10,800 acres of timber lands which it owned in Skamania…
1Opinion of the CourtGilbert, Circuit Judge
(after stating the facts as above). [ 1 ] By the decree the court below postponed the right of the appellant to share in the proceeds of the railroad property until after the payment in full of the appellees. The court ruled that such was the effect and intention of tire appellant’s mortgage. The court also reached the same conclusion under the “after-acquired property” clause of the •railroad first mortgage, holding that thereby the $400,000 group of bonds of the Railroad Company became a part of the appellee’s security from and after t;he time when the Railroad Company became the owner of…
2Cases cited4 opinions
- Gillespie v. . TorranceNew York Court of Appeals · 1862
- Jerome v. McCarterSupreme Court of the United States · 1877
- Bronson v. La Crosse & Milwaukie RailroadSupreme Court of the United States · 1864
- New York Security & Trust Co. v. Equitable Mortg. Co.U.S. Circuit Court for the District of Southern New York · 1896
3Cited by4 opinions
- Commodores Point Terminal Co. v. HudnallDistrict Court, S.D. Florida · 1922
- Bruckner-Mitchell v. Sun Indemnity Co. of New YorkCourt of Appeals for the D.C. Circuit · 1936
- Marcus Brown Holding Co. v. FeldmanDistrict Court, S.D. New York · 1920
- In re Third Ave. Transit CoreDistrict Court, S.D. New York · 1954