Darden v. American Bank & Trust Co.

The Hurricane plantation, situated on ■ an island in the river about twenty miles below Vicksburg, had in the year 1911 become heavily indebted, and among the means to provide for its obligations there was a bond mortgage placed upon it for twenty-five thousand dollars. The bonds became the property of the American Bank & Trust Company, to cover in part a previous debt. The bank had made various other loans on plantation property, and, by reason of adverse conditions, the bank bad been compelled to acquire real estate and plantation securities in an overlarge amount, to tlie embarrassment of…