First National Bank v. Johnson

In 1919, defendant, who lived in Centerville, S. D., engaged in a real estate venture with C. E. Olstad, president of plaintiff bank, H. E. Stockburger, and others, in Madison, S. D. Defendant invested $3,100,. and) when the land was sold he was entitled to about $6,000 for the return of his capital and 'his share of the profits. Defendant went to Madison in March, 1920, for the purpose of getting settlement, and received from .Stockburger the fervent greeting: “Isn’t it hell? Banks are shut right down, can’t get any money.” Defendant was reluctant to accept anything other than money, but, on…