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IN RE NORTHWAY WHOLESALE

13 Wis.2d 235 (1961)

IN RE NORTHWAY WHOLESALE, INC.: WISCONSIN VALLEY TRUST COMPANY, Trustee, Appellant, v. JOHNSON, Receiver, Respondent.

Supreme Court of Wisconsin.

April 4, 1961.

Attorney(s) appearing for the Case

For the appellant there was a brief by Smith, Puchner, Tinkham & Smith and Eberlein & Eberlein, all of Wausau, and oral argument by Richard P. Tinkham and Arthur L. Eberlein.

For the respondent there was a brief and oral argument by Robert L. Bittner of Green Bay.

For the Crest Finance Company there was a brief by Allan Polacheck of Milwaukee, and Kaftan, Kaftan & Kaftan of Green Bay, and oral argument by Arthur J. Kaftan.

MARTIN, C. J.

United Wholesalers was adjudicated bankrupt in the United States district court for the Western district of Wisconsin on April 24, 1958. Prior thereto it had been in the business of operating a catalog-order business for numerous types of merchandise in the Wausau, Wisconsin, area. In order to finance its operations it placed most of its merchandise in a so-called "field warehouse" and issued warehouse receipts...

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