Ross v. State Bank

Stevens, J.(1) The first question presented is whether the chattel mortgage was a valid and subsisting lien on the fixtures and stock of goods at the time of the fire. It appears that Mr. Furchtenicht’s store was directly across the street from the bank in the village of Trego; that the managing officers of the bank bought merchandise at this store and knew that others were doing the same and that Mr. Furchtenicht continued to do business and use the proceeds of sales for his own personal use exactly as he had done before the chattel mortgage was given without making any payment upon the…