South Side Bank of Scranton v. Raine

Opinion by

Mr. Justice Maxey,

The South Side Bank of Scranton, hereinafter referred to as the Bank, sued Charles Baine for the sum of $5,000 with interest. The cause of action was a promissory note for $5,000 signed by Baine dated March 25, 1927, payable three months after date to the order of S. 5. Spruks at the Lincoln Trust Company. April 16, 1927, Spruks discounted at the Bank a collateral note made by him and payable six months after date, in renewal of a collateral note discounted by him on October 6, 1926, and as collateral for the renewal note he placed with the South Side Bank the…