Grinstead v. Union Savings & Trust Co.
Court of Appeals for the Ninth Circuit
Appeal from the District Court of the United States for the Northern Division of the Western District of Washington. In the matter of the Algoua Dumber & Shingle Company, bankrupt. Appeal by Doren Grinstead, trustee, from an order allowing the claim of the Union Savings & Trust Company as a secured debt.
1Opinion of the Court
GIDBERT, Circuit Judge.
On June 2, 1910, the Algona Dumber & Shingle Company, a corporation, owed the Union Machinery & Supply Company, a corporation, approximately $8,000, the Fremont State Bank about $5,000, Harbold $5,000, and about $3,000 for labor. On that date it borrowed from the Union Savings & Trust Company, the appellee herein, $12,000, and to secure the same executed mortgages upon all its real and personal property. Four months and a few days later it filed a voluntary petition in bankruptcy, and was adjudged a bankrupt. The appellee filed its proof of debt as a secured claim…
2Cases cited3 opinions
- Vincent v. Snoqualmie Mill Co.Washington Supreme Court · 1894
- Holbrook, Merrill & Stetson v. Peters & Miller Co.Washington Supreme Court · 1894
- Burrell v. BennettWashington Supreme Court · 1899