Folkerts v. Standish

Sherwood, J.. The Prentiss Lumber Company was ■organized March 22, 1882, and continued to do a lumbering *464business in the city of Alpena until January, 1884, having-its office in said city. The defendant is, and has been for many years, a resident of Detroit, and loaned money. ' On the 25th day of August, 1883, the defendant had loaned to the Prentiss Lumber Company moneys to the amount of $14,000, and had become liable by way of endorsements and acceptances for the company to the amount of about $12,000 more. On that day, to secure the payment of the money thus borrowed and the defendant…