Gambrell v. McKean

In December, 1918, Molarkas Mining Company, hereinafter called the company, executed several promissory notes to itself as payee, aggregating the sum of seventeen thousand dollars ($17,000). John P. McKean, S. D. Douthitt, P. J. Schemp, A. B. Finke, A. P. James, Robert McReynolds, O. W. Haines, Ralph Goldsticker, and Moe Furth, hereinafter called plaintiffs, and W. E. Gambrell, hereinafter called defendant, were at the time all stockholders of the company, and they each and all signed the notes as accommodation indorsers, afterwards delivering them to three banks in Missouri. The purpose of…