Post v. Union National Bank

delivered the .opinion of the court:

Alfred Post borrowed $16,000 of the Union National Bank of Chicago on February 12, 1889, for which he gave his promissory note of that date, payable in ninety days, with Francis A. Riddle as surety. He at the same time deposited with the bank, as collateral security, this note:

“$25,000. Chicago, September 14, 1888.

“One year after date I promise to pay to the order of James E. Monroe $25,000, with interest at the rate of six' per cent per annum, value received.

James J. West,

Per F. S. W.”

It was indorsed on the back, “Without recourse on me in any event.—James…