Denny v. Cole

The opinion of the court was delivered by

Fullerton, J.

The appellant, Elavius S. Cole, and the respondent, Ernest W. Price, were formerly partners, doing business under the firm name of Oole & Price. As such partners they were the owners of certain shares of *374the capital stock of the Lrunbei*man’s Logging Company, a corporation. They became indebted to the Farmers’ & Citizens’ Bank of DeWitt, Iowa, and the First National Bank of DeWitt, Iowa, upon various obligations, aggregating, with interest, at the time of the commencement of the present action, the sum of $39,659.63. As security for this…