Malone v. Merchants' & Farmers' Bank

This cause in equity is prosecuted by the administrator of the estate of E. L. Marbury, deceased, for the foreclosure of a pledge of collateral security consisting of 25 shares of stock in the Merchants’ & Farmers’ Bank at Union Springs, Ala. This stock was pledged to said Marbury by J. H. Rainer, Jr., in April, 1919, for security of a cash loan of $2;500, the balance remaining due on said loan being renewed in October, 1920, by the execution of two notes — one for $2,400, and the other for $96. At the time of these transactions, Rainer was vice president of the Merchants’ & Farmers’ Bank,…