Stevens v. People's Home Journal, Inc.

The F.M. Lupton Publishers, Incorporated, a New Jersey corporation, publishers of the magazine People's Home Journal, with headquarters in New York City where it carried on business, gave a chattel mortgage on its establishment in that city to the West Virginia Pulp and Paper Company for $125,000, May 24th, 1927. In April, 1928, the Lupton company transferred the chattels to Periodical Press and that corporation, in January, 1929, transferred them to People's Home Journal, Incorporated. The mortgagee had contemporary notice of the transfers. The latter companies, New Jersey corporations, were…