McCord Bragdon Grocer Co. v. Garrison

In January, 1892, Garrison & Howard were doing a general merchandise business in Garrison, Colorado. They had become indebted to many houses, and at that date were probably entirely insolvent. Their creditors were pressing them for payment, and on the 80th of that month they executed demand notes to the order of some of the individuals and firms to whom they were indebted, and secured the payment of the paper by the execution of divers chattel mortgages upon their entire stock of merchandise and other assets. The notes and securities were delivered and recorded, and the mortgagees took…