Harwood State Bank v. Hendrum Co-Operative Elevator Co.

Defendant appealed from an order denying its alternative motion for judgment non obstante or a new trial. At the times herein important one Nelson was the cashier of the Hendrum State Bank and devoted his time to the active management of its business. He was also secretary and treasurer of the Hendrum Co-operative Ele vator Company, the defendant herein, and the president of plaintiff bank, but did not participate in its active management. The two banks served each other at times by taking over notes of customers to avoid excess loans.

This action is to recover upon a $2,500 note purporting to…