Elk Valley Coal Co. v. Third National Bank

Opinion ok the Court by

William Rogers Clay, Commissioner

Reversing.

On August 30, 1909, tbe Elk Yalley Coal Company executed and delivered to H. C. Thompson its promissory note by which it agreed to pay to Ms order the snm of $2,500 fonr months thereafter. The note was endorsed by J. M. Thompson. On October 20, 1909, the note was discounted by the Third National Bank of Lexington, Kentucky, and the proceeds paid to H. C. Thompson. When the note became due it was presented for payment, and payment being refused it was. dishonored, and notices of dishonor dnly mailed to the defendants. ■

During…