Supreme Court of Iowa February 3, 1900 (Grumme v. Firminich Manufacturing Co.)

Waterman, J.

*5071 *506The Western Syrupi & Preserve Company, of which plaintiff was president, was indebted to the Marshalltown State Bank and to defendant company. To secure both of these debts it exerted a chattel mortgagp on the property in question with other property to plaintiff as trustee.