Bell v. Collins

Hoban, J.,

On July 1, 1929, defendant executed a demand note to the Peoples Savings & Trust Company of Duryea, for $14,000, and deposited with the payee as collateral security for the payment of said note various shares of stock and the assignment of a certain trust fund held by the Scranton Lackawanna Trust Company of Scranton, trustee for Helen Collins, wife of defendant. The last payment made by defendant upon the note, either for principal or interest, was December 31, 1931. Suit was brought upon the balance due upon this note February 16, 1938.

On March 21, 1932, the Scranton Lackawanna…