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IN RE BALLANCE

No. 3713.

15 F.2d 46 (1926)

In re BALLANCE. HIBBEN, HOLLWEG & CO. v. BLANN et al.

Circuit Court of Appeals, Seventh Circuit.

August 27, 1926.

Attorney(s) appearing for the Case

Murat W. Hopkins, of Indianapolis, Ind., for appellant.

Ewing R. Emison and William S. Hoover, both of Vincennes, Ind., for appellees.

Before ALSCHULER, EVANS, and ANDERSON, Circuit Judges.

ALSCHULER, Circuit Judge.

One Ballance owned a stock of merchandise and fixtures kept in a store in Oaktown, Ind., where he had long carried on a regular mercantile business. June 22, 1923, owing the Oaktown bank $5,600 and one Haughton $1,500, he gave the bank notes due in 6 months and Haughton a note due in 18 months; appellee Blann signing each as surety. To secure Blann on his indorsement Ballance gave him a chattel mortgage, which was shortly afterwards recorded...

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