Kaufman v. Loomis

This is an action of assumpsit brought by appellant against appellee, Loomis, as guarantor of a promissory note for $3,000, executed by John R. Babcock and C. Q. Ten Broecke, payable to the order of the International Bank. The note was indorsed by the bank to appellant for collection merely, and this suit is prosecuted for the benefit of the bank. There was a verdict and judgment for the defendant, and the plaintiff appealed to this court.

It appears from the bill of exceptions that in addition to the note in question, the Home Rational Bank of Chicago held Loomis’ judgment note for $3,500;…