Johnson v. Coleman

An action was instituted in the Sebastian Chancery Court by the City National Bank ag’ainst the appellants, and another suit was instituted in the same court by 'Charles E. Coleman et al. against appellants, and these cases were consolidated for trial, and all of the evidence is contained in one bill of exceptions. Both suits are against appellants as directors of the John A. Guthrie Mortgage Company, a corporation created under the laws of the State of Arkansas.

John A. Guthrie, who was the owner of practically all the stock in the mortgage company, began business in the city of Fayetteville…