Central Trust Co. v. Calumet Co.

Defendants by this writ of error seek the reversal of a decree entered in conformity with the prayer of complainants ’ bill to foreclose a trust deed dated July 9,1918, securing an indebtedness of the defendant Calumet Company. The defendants attacking the decree are the beneficial owners of the property conveyed by the trust deed.

It is conceded that the Calumet Company received the money for which its bonds and trust deed were given and this was used in improving the premises conveyed as security. There is no claim that any of the indebtedness sought to be collected has been paid. As stated…