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DETROIT TRUST CO. v. PONTIAC BANK

No. 173.

237 U.S. 186 (1915)

DETROIT TRUST COMPANY, TRUSTEE IN BANKRUPTCY OF COATES, v. PONTIAC SAVINGS BANK.

Supreme Court of United States.

Decided April 5, 1915.

Attorney(s) appearing for the Case

Mr. Bernard B. Selling for complainants and appellants.

Mr. Harrison Geer and Mr. Elmer R. Webster for defendants and appellees, submitted.

Memorandum opinion by MR. JUSTICE McREYNOLDS, by direction of the court.

To secure his outstanding note for $2300, Coates, a resident of Michigan and the present bankrupt, gave the Pontiac Savings Bank a mortgage upon his stock of goods, fixtures, etc., in May, 1902, which was not filed for record until the following September. Between these dates he incurred indebtedness exceeding $1400 to sundry dealers for goods sold and...

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