Farmers Nat. Bank of Glasgow v. Guthrie

Opinion of the Court by

Judge Thomas

Reversing.

On May 22, 1928, appellee and defendant below, E. M. Guthrie, obtained from the appellant and plaintiff below, Farmers National Bank of Glasgow, Kentucky, $400, less discount of 7% per annum until the arrival of the due date, which was five months, making the proceeds of the note $388.33, for which amount defendant was given credit by the bank on its books, and which amount he soon thereafter checked out. At that time the cashier of the bank was P. W. Holman (since deceased) who appears to have been a friend of Guthrie; the later of whom had…