Peoples State Bank of Hartville v. Hunter

This is an action on a promissory note by the Peoples State Bank, Assignee of the Bank of Hartville, the payee in said instrument. In answer to the petition the defendant avers that the note was given without any consideration therefor, all of which was well known by the officers of plaintiff bank, and that they were not purchasers for value and without notice, and took said note subject to the equities between the original parties..

Defendant’s evidence tends to Show that Bank Examiner Beam examined the Bank of Hartville in April, 1920, i and on his examination being completed reported a…