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THE NATIONAL PARK BANK OF NEW YORK

V.
FERDINAND E. HALLE ET AL.

TrustsConveyance of Personal Property to Secure Notes-EquityJurisdiction-Pleading.

1. A conveyance of personal property in trust to secure notes of the grantor is valid.

2. Where a debtor conveys personal property in trust to secure an indebtedness due from him, and the trustee fails or refuses to apply the property En conveyed for the purposes of the trust, a bill lies to compel such application.

3. Where an inconsistency appears between an averment of a bill and a written instrument attached thereto as an exhibit, the latter will prevail, and a demurrer does not admit the truth of the averment.

[Opinion filed January 16, 1889.]

APPEAL from the Superior Court of Cook County; the Hon. EGBERT JAMIESON, Judge, presiding.

Appellant filed its bill in equity, alleging the following facts: In the summer of 1887, Ferdinand E. Halle made two promissory notes, payable to the order of Isidor Cohnfield,

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VOL XXX 2

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