Show f MORTGAGES ARE AR NOW LES I I State Supreme Court Declares the th LC Kansas City City Stock Exchange Ex h ge gea a Trust Topeka Kan April 7 It was decided I Iby by b the Kansas supreme court today in iii the case of or state vs VB Wilson Vilson that tha t the Kansas City livestock exchange ex hange Is Isa isa I S Sa a trust tru tand and that all cattle mortgages mortgage S made through members of ot that ex exchange exchange exchange change are invalid Nearly all the chattel mortgages is issued Issued Issued sued through the members of the ex exchange ex exchange x change contain the provision that a I commission of at least 50 cents a head I Ishall shall be charged This is i sufficient su to t a constitute a trust according to the de decision decision e and all the notes and an mortgages s sare Sare are absolutely void The decision of o othe the court was vas unanimous Millions of dollars worth w rth of cattle catti e paper will possibly be effected affected by the th e decision Wilson had been convicted of obtain obtaining obtainIng obtaining ing money under false pretenses and am I sentenced to five years in the penitentiary penitentiary penitentiary Kansas City April 7 tF F G Robin Robinson son president of the tho Kansas City live livestock livestock livestock stock exchange said s ld this afternoon that he lie did not think k the decision of ot o othe the Kansas supreme court rendered 1 today tolay to a would have a serious effect on oi n a existing contracts of ot the exchange The price said Mr lIr Robin bon on uis is done primarily not to limit the tim charges but to insure a high standard of commercial integrity |