Bank of United States v. Thomson & Kelly Co.

The question here presented is whether there was evidence which would warrant the finding by a jury that the plaintiff, the payee and holder of a note for $58,500, at some time after the note was delivered made *225an agreement with two accommodation indorsers thereof to sell collateral which they had deposited with the plaintiff as security and to apply the proceeds to the note. The holder brought this suit in equity to establish the liability of the maker and the two indorsers and to reach and apply an alleged interest of the indorsers in stock of certain corporations named as defendants. The…