Marshall's Administrator v. Corinth Bank & Trust Co.

Opinion op the Court by

Commissioner Hobson—

Affirming.

The Marshall Tie Company, on October 13, 1924, executed a note for $5,066.66, to the Corinth Bank & Trust Company, due in 60 days, and on October 27th it executed another note to the bank for a like amount, due' in 60 days. In each note there was a provision pledging to the bank, to secure the payment of the note, the stocks of lumber on the yards of the tie company in Corinth,. Miss., until 'the note was paid in full. E. D. Marshall, Homer Marshall, and George Land were partners doing business in the firm name of the Marshall ffiie…