Bank of Firesteel v. Buckmaster

MISER, 'C.

On July 6, 1920, Henry W. Clark executed and delivered to Moreau River State Bank of Firesteel, respondent herein, his promissory note due November 1, 1920. On October 9, 1920, three months after delivery to it, respondent bank sold and delivered this note to First National Bank of Mobridge. At the time of transfer to- the Mobridge Bank, Buckmaster, appellant herein, who was then the cashier of respondent bank, indorsed it thus: “Without Recourse. Moreau River State- Bank of Firesteel, S. D., by V. R. Buckmaster. Payment Guaranteed- and Protest waived. Y. R. Buckmaster.” Respondent…