First National Bank of Corning v. Corning Bank & Trust Co.

This cause was submitted, to the court below on an agreed statement of facts, under § 1340, C. & M. Digest, from which we copy the following recitals

On April 17, 1922, one Ben Allen executed to the First National Bank of Corning, Arkansas, hereinafter referred to as appellant, a note for $80.02, and, on the same day, he executed to this bank a chattel mortgage. At the time of the execution of this note and mortgage Allen was already indebted to appellant in the amount of two notes, one for $161.29, and the other for $201.12. The mortgage was duly filed with the clerk and ,reoorder on April…