Garton v. Union City National Bank

Grates, J:

The bank sued, and was allowed to recover, on an instrument of the following tenor:

“$1,000. Union City, Micii., May 12, 1873.

“On demand, - days ’after date, I promise to pay to C. T. Allen, cashier, or order, one thousand dollars at Union City National Bank, value received, with exchange on New York, and interest at ten per cent, after maturity.

“Jane Garton..

*280“This note is to be used as collateral security to A. Climie5s notes.55

The declaration set forth the instrument, and averred that it was made to the bank and received by the bank as collateral security for a demand it then held…