First National Bank v. Hollinsworth

Granger. J.

On the sixteenth of February, 1887, the plaintiff obtained a judgment against the defendant for $3,542.83 on an unpaid balance of a promissory note for five thousand dollars, dated June 16, 1886. The consideration for the five-thousand-dollar note was made up in part of prior loans, the earliest of which was fifteen hundred dollars, loaned May 5, 1883. Prior to the entry of the judgment, there had been paid on the five-thousand-dollar note $1,833.96, but no application of such payments had been made by endorsements. The defendant for years prior to May 5, 1883, had owned and…