Anthracite Trust Co. v. Loughran

Opinion by

Mr. Chief Justice Schaffeb,

The only question involved in this action on a promissory note is whether recovery is barred by the statute of limitations.

On May 19, 1931, appellant and Maurice Miller executed a promissory note in the sum of $3,600, naming the Anthracite Trust Company as payee, due August 17, 1931. This note was reduced by payments, none of which were made by appellant, and at the time of trial the amount of the note was $3,480.17. January 12,1938, 6% years after the due date of the note, suit was instituted by the appellee, the receiver of the trust company. The summons…