Crossley v. Stanley
Supreme Court of Iowa
Appeal from Benton District Court. — Hon. G-. W. Burn-ham, Judge. Action to cancel a note executed' to John B. Reeve, in so far as it purports to bind plaintiffs as sureties. Decree as prayed, and defendant appeals.
1Opinion of the CourtLadd, J.
The deceased, John B. Reeve', conducted a private bank at Garrison. F. F. Hughes was a dealer in grain at the same place. About February 16, 1897, the latter had overdrawn his account at the bank $1,159.58, and owed Reeve besides $2,000.00 on book accounts, and $1,000.00 secured by a mortgage on his homestead. Hughes had also received wheat from farmers, for .which he had agreed to pay the market price on demand, then valued at $2,000.00. He had no money to pay for the stored ’wheat, and apprehended the necessity of closing his business in event the farmers called on him for its value. In…
2Cases cited4 opinions
- Johnston v. MayIndiana Supreme Court · 1881
- Gage v. SharpSupreme Court of Iowa · 1867
- Burdick v. RaymondSupreme Court of Iowa · 1899
- Stillman v. WickhamSupreme Court of Iowa · 1898
3Cited by11 opinions
- Kinyon v. Chicago & Northwestern Railway Co.Supreme Court of Iowa · 1902
- Barnes v. Century Savings BankSupreme Court of Iowa · 1910
- Putney v. SchmidtNew Mexico Supreme Court · 1911
- Pacific Nat. Agr. Credit Corporation v. HagermanNew Mexico Supreme Court · 1935
- Haworth v. CrosbySupreme Court of Iowa · 1903
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