National Bank v. Lennon

Clabk, O. J.

This is an action against the defendants Lennon and Edens, makers, on a note for $500, and against the defendants Hinson Bros., as endorsers.

The defendants Lennon and Edens formed a partnership and purchased a livery business from Hinson Bros, for $1,500. To pay the purchase money Lennon borrowed $500 from the plaintiff on his individual note, secured by a mortgage on real estate, and paid this $500 to Hinson Bros, on the purchase money. Eor the other $1,000, Lennon and Edens executed to Hinson Bros, two notes for $500 each, secured by chattel mortgages upon the livery, teams and…