Blakesburg Savings Bank v. Blake

Kindig, J. —

-Louis Blake, one of the appellees, was a merchant at Blakesburg, and the appellee Zella M. Blake is his wife. Hereinafter, the term “appellee” will be applied to Louis Blake alone, because the subject of the discussion only incidentally includes Zella M. Blake.

During the conduct of his business, appellee became indebted to the appellant, Blakesburg Savings Bank. In addition to the foregoing obligations, appellee owed money to various other creditors. On October 9, 1924, appellee transferred to appellant a promissory note in, the principal sum of $1,582, executed by Marion Bailey…