Lothstein v. Fitzpatrick

Edward C. Fitzpatrick and John H. Fitz-

patrick, father and son, as copartners, were engaged in farming and sheep raising in Wasco county, Oregon. On June 15, 1932, they executed their promissory note in favor of the First National Bank of The Dalles, Oregon, in the sum of $14,604.33, due one year after date and bearing interest at the rate of eight per cent per annum. As security, they executed and deliverd to the bank a mortgage upon 2240 acres of land in Wasco county.

On December 24, 1932, the bank was declared insolvent and the Comptroller of the Currency appointed a receiver, who took…