Citizens Bank & Trust Co. v. Knox

The Widemer Lumber Company owed the plaintiff bank a balance of $500 on a note endorsed by J. J. Knox for his firm,, El Paso Lumber Company; A. N. Harper was president of the Widemer Lumber Company. Harper testified: “I taken the bill of lading into the bank, signed the bill of lading by the Coast Line, and told them I wanted the draft on the party I was shipping the lumber to, and attached a draft on the bill of lading, and the proceeds were to go to the credit of this note. I gave these instructions to one of the bank officials.”

It is well settled that where one signs a note and the plea of…