Yarborough v. Fulton

PELPHRET, Justice.

Mrs. M. M. Yarborough and her daughter, Mrs. Lillie Y. Cunningham, resided at Sherman, Grayson county, Tex., all their lives, were stockholders in the Merchants’ & Planters’ National Bank of that city, and were well acquainted with its officers. Both of these ladies were widows in the year 1924, and at that time had money in the sum of $30,000 loaned to W. H. Gross and Y. A. Dow of Palo Pinto county, Tex., $25,000 to Gross, and $5,000 to Dow. These loans were bearing 8 per cent, interest, and payments were being made promptly. Gross having an option to pay his note before…