Strong v. New York Laundry Manufacturing Co.

By the Court.—Speir, J.

The action is brought against the defendants as makers and indorsers of a promissory note for three thousand dollars, purchased by the Atlantic National Bank, and which, on its failure, came into the hands of the plaintiff as receiver.

The note was made by the New York Laundry Manufactory Company, a New York corporation, and indorsed by the other defendants in blank, and was purchased by the bank in good faith, believing the same was business paper.

The answer admits the allegations of the complaint, and sets up, first, that the note was an accommodation note, made by the…