Smith v. Reisch

Mr. Presiding Justice Hayes

delivered the opinion of the court.

This is a suit upon two notes, one in the sum of $4,700, the other for $15,000 signed hy Frank Eeisch and Sue M. Eeisch followed by the phrase “ Trustees, trading as The Annie Eeisch Investment Company, a Common Law Trust of Sangamon County, Illinois.” The notes were dated October 3,1932; were due in four months, and were payable to Eidgely-Farmers State Bank. Nine years after maturity plaintiff, W. G-. Smith, purchased these notes and others of a total face value of $390,000 from the receiver of the payee bank for $4,455. This…