Thomas v. Hoebel

HARTSON, District Judge.

The action was originally commenced by The First National Bank of Dubois, Idaho, as payee, on two notes, for $25,000 and $10,000 respectively, executed by the Idaho Realty & Investment Company, a corporation, and indorsed by O. P. Williams, deceased, and five others. The bank became insolvent before trial and the receiver was substituted as plaintiff.

In May, 1923, O. P. Williams, now deceased, James Denning, S. K. Clark, C. A. Doschades, J. P. Jacoby and T. E. Wood (hereinafter called Dubois stockholders), and others, were stockholders of the bank. Then or later E. M.…