Estate of Stone v. Central Republic Bank & Trust Co.

The claim herein is based upon a written guaranty dated October 7, 1929, signed by Nat Stone and delivered to the National Bank of the Republic of Chicago, Illinois (hereafter called'the “bank”), which guaranty was thereafter assigned to claimant, the Central Republic Bank & Trust Company. At all of the times to be mentioned, DeWolf & Company, Inc. (hereafter called the “company”), was engaged in the business of selling stocks and bonds, both as principal and as broker, and had its account at the bank. It was the practice of the company to deposit with the bank various stocks and bonds,…