Shannon v. Sutherland

PARKER, Circuit Judge.

This suit was instituted against the receiver of an insolvent national bank asking that the deposit balance of complainant be set off against his liability on a note upon which he appeared as an indorser. This note was a renewal of one that had been executed by complainant and five other persons to obtain a loan used in the purchase of a tract of land, which had been deeded to two of them as trustees for themselves and the others. It had been reduced and renewed from time • to time; the last renewal being for the sum of $9,450. The original note and the renewals were…