Wichita Royalty Co. v. City Nat. Bank of Wichita Falls

The appellee bank sued upon two notes, one for $22,000, which was a renewal of two earlier notes executed by Peckham, deceased, and the other for $14,596, which was a re-renewal of one for $43,000 executed by Peckham, deceased. The history of those notes will be hereinafter set out.

The appellant answered, setting up both by defense and cross-action that the notes were a part of lengthy transactions pleaded by which appellee negligently made possible and corruptly participated in transactions by which Peckham embezzled and spent unlawfully more than $100,000 of appellants' trust funds, and…