Jones v. Butler Cooperative Bank

This is an action of contract for damages for a breach of contract by the defendant, a cooperative bank, to lend money to the plaintiff. There was a verdict for the plaintiff. There was evidence that the plaintiff made application in writing on May 10, 1920, to the defendant for a loan of $2,000 “on ten shares of the capital stock of the Corporation,” and as further security offered to execute a mortgage on the real estate described in the application. The report of the security committee of the defendant bank, which appeared on the application, stated: “We have made an examination of the…