Noyes Estate v. Granite-Alaska Co.

MR. COMMISSIONER LEIPER

prepared tbe opinion for

'the court.

On tbe twenty-seventh day of June, 1917, tbe plaintiff, tbe Noyes Estate, a corporation (respondent berein), gave to the defendant Granite-Alaska Company, a corporation (appellant berein), a certain mortgage as security for the following obligations :

“ (1) Tbe promissory note of tbe mortgagor to tbe mortgagee in words and figures as follows, to-wit:

“ ‘$25,000. Butte, Montana, June 27, 1917.

“ ‘On demand for value received, we promise to pay to tbe order of tbe Granite-Alaska Company twenty-five thousand dollars at Butte, Montana, with…