Donohoe Kelly Banking Co. v. Puget Sound Savings Bank

The opinion of the court was delivered by

Dunbar, J.

On August 2, 1893, the plaintiff, respondent in this case, the Donohoe Kelly Banking *408Company of California, wrote to the defendant bank, asking for a note of $5,000 to take up a certificate of deposit which the plaintiff then held against the defendant bank. The reference in the letter to the note was as follows:

“In view of the temporary extension we are compelled to grant you in the matter of the loan of $5,000, please supply us with security at once, in the form of a promissory note issued by the bank and indorsed by the directors and made…