Stein v. Hamman

Mr. Judge SPEER

delivered the opinion of the Commission of Appeals, Section B.

Max Stein was indebted to J. H. P. Davis & Company, bankers, in the sum of $46,229.00 due upon certain overdrafts with that company, which overdrafts as such were barred by the statutes of limitations. He delivered to the company a certain promissory note executed by C. H. Brown payable to himself in the sum of $235.00, upon which there was a credit, and at the time endorsed on the Brown note and signed such endorsement, the following: “As collateral to secure my overdrafts to J. H. P. Davis & Company.” The company…