Peoples Bank of Springfield v. Brown

The original’ bill was filed in this case on January 4, 1924, by the Peoples Bank of Springfield against the defendant, B. R. Brown, seeking to recover upon a certain note for $3000 dated August 18, 1923, payable to the order of W. 0. Moats four months after date, the said note being endorsed by said W. 0. Moats. The said bill merely alleged that complainant was the purchaser for value of said note, without alleging that it was the holder in due course or stating the circumstances under which it acquired said note.

The defendant answered said bill on May 23, 1924, claiming in substance that…