Cornelius v. C. C. Pictures, Inc.

MANTON, Circuit Judge.

Receivers in‘equity of the C. C. Pic-

tures, Inc., were appointed on January 20, 1923. The appellant, on November 2, 1922, entered into an agreement in writing whereby he loaned the defendant $25,000 upon a promise to repay it in 90 days. For the loan there was given a promissory note. The agreement provided that as collateral to said loan, the defendant assign all its rights, title, and interest in certain negatives and pictures then in the custody of the Evans Film Manufacturing Company. On November 2, 1922, at appellant’s request, the defendant wrote the Evans Company:

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