First National Bank of Hancock v. Aler

POFEENBARGER, PRESIDENT:

The defense to this action by motion to recover the amounts due upon three negotiable notes, from the maker and an endorser, was limited to parts of the amounts claimed, and proceeded upon the theory of the perpetration of a fraud upon the endorser, by the cashier of the plaintiff bank, with its knowledge and assent. The notes were for $2,500.00, $700.00 and'$250.00 respectively. Liability for $1,500.00 on account of the first, $650.00 on .account of the second and *315$225.00 on account of the third was admitted, and the action defended as to the residue of $1,075.00.

An…