Andrew v. Marshalltown State Bank

F. L. Meeker, executor of the estate of Thomas Swearingen., deceased, became indebted to the Marshalltown State Bank on notes amounting to $12,000. As executor, he had charge of the renting and control of about 600 acres of real estate. This he leased for successive years to one Ellis Bailey, who, at the time material to this case, owed the executor a balance on the rent for each year from 1919 to 1922, both inclusive, and was also heavily indebted to the bank. The full balance of rent due aggregated several thousand dollars.

On February 27, 1923, a public sale was had of all of the personal…