First National Bank of Long Beach v. Crown Transfer & Storage Co.

Each of these actions was commenced by the plaintiff to recover a judgment for damages. The actions were tried in the lower court sitting without a jury. The actions were tried together and the trial court made findings in favor of each plaintiff and from judgments entered thereon the defendant has appealed in each action under section 953a of the Code of Civil Procedure. The record consists of two transcripts by the clerk, one by the reporter and one set of briefs.

The Braden Preserving Company, hereinafter called the Braden Company, operated a factory at Pasadena and stored its manufactured products in a warehouse operated by defendant at the same place. The Braden Company from time to time borrowed moneys from the plaintiffs and issued to each its promissory note. To secure the repayment of said moneys it pledged to the plaintiffs the goods so stored in defendant’s warehouse. The amount of the plaintiffs’ claim against the Braden Company at all times greatly exceeded the value of the goods in the warehouse. As there was considerable detail in the transactions, C. W. Clark, an employee of one of the banks, was engaged as the agent of both banks to attend to the business…