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Publication

Chattel Security: II

Gilmore, Grant
Abstract
The trust receipt or something very like it first appeared in our reports in a case decided before 1850 and another of the earliest cases involved a grain shipment on the Great Lakes. Nevertheless the device did not come into prominence until the end of the century and was then used exclusively in transactions originating in overseas shipments to this country. Its invention and development furnishes in our legal history a unique example of response to a rapidly changing industrial pattern.