Bank v. . McNair

The plaintiff, the United States National Bank of New York, brought its action against the defendants to recover the sum of $5,000 due by the defendants to it on a promissory note which the defendants, McNair Pearsall, under date of 19 November, 1891, had executed to the First National Bank of Wilmington, N.C. for the sum of $5,000, and payable thirty days after its date, and which said note the said First National Bank of Wilmington had indorsed to the plaintiff for value and before maturity, as plaintiff alleges.

The defendants, McNair Pearsall, by their answer admitted that the said note…