Merchants Bank v. Cotton

SOMERVILLE, Justice.

The appellant Merchants Bank, a state banking corporation, brings this appeal from a judgment of the Circuit Court of Clarke County, Alabama, founded upon a jury verdict and from the decision of said •court overruling appellant’s motion for a new trial.

Appellant instituted this suit to recover the balance due on a promissory note allegedly endorsed by the defendants. Appellant contends that there were forty endorsers on said note which was originally for $24,000; that fifteen of these endorsers have paid their share (each endorser’s liability being limited to $600 by the…