State Nat. Bank v. Encinal Mercantile Co.

This is an action begun .by appellant against appellee, to recover on a certain promissory note in the sum of $26,-045.91, alleged to have been executed by ap-pellee to appellant. Appellee denied execution of the note, and pleaded: That, at the time the note was executed, T. A. Coleman, its president, was personally largely indebted to appellant, and was unable to pay the same; and sought an extension of the same from the bank, and “that, in order to reduce the amount of the loan to said T. A. Coleman on the books of said plaintiff bank, it was suggested that the indebtedness of said T. A.…