Edinburg American Land Mortgage Co. v. Latham

— The question in this case is one of subrogation. The appellee Latham brought the action to foreclose a mortgage upon 120 acres of land made to him by Artemus G. Harrington, who afterwards conveyed the land subject to all liens upon it to David H. Giles, who afterwards mortgaged the same land and another tract of eighty acres to the appellant, the Edinburg American Land Mortgage Company (Limited), to secure the repayment of the sum of $1,600 loaned him by that company. This money was borrowed 'upon the understanding aud agreement that it should be applied, and it. was applied by the…