Dove v. Cowlitz Valley Bank

This action is for the recovery of certain shares of bank stock or, in the alternative, for the value thereof.

On April 2, 1930, respondent loaned one thousand dollars to the Russell Brennan Company, a corporation. The note given to the bank as evidence of the loan was payable ninety days after date and was signed not only by the Brennan Company, but also by F. G. Barnes and H. I. Brace, individually. Barnes and Brace were at the time president and secretary, respectively, of the Brennan Company.

At the time the loan was made and as security for the payment of the same, Barnes pledged to the…