Daniel Baker College v. Abney

HUTCHESON, Circuit Judge.

In a suit to foreclose notes it had given the Citizens’ National Bank in Brownwood, renewing and extending notes originally executed to Coggin National Bank, the college unsuccessfully sought by counterclaim to offset deposits in substantially the same amount it had had with the Coggin Bank. Its claim was that the Citizens’ Bank in Brownwood, in taking over from the Coggin National Bank, and the Citizens’ Bank in Brownwood, in taking over from the Citizens’ Bank of Brown-wood, had each in its turn obligated itself for these deposits. It is here challenging as…