Gleaton v. Bank of Arlington

This was a suit by the holder of certain promissory notes against the maker. A judgment was rendered for the plaintiff in the amount sued for. It appears that the notes were given to a corporation in renewal of notes given for the purchase of certain shares of its corporate stock, and transferred to the plaintiff long after maturity, as collateral for a debt of the corporation to the plaintiff, less than the amount of the notes. It appears that the defendant had not rescinded, or offered to rescind, the contract of purchase and sale of the stock, but had renewed the purchase-money notes, and…