Thomas v. Exchange Bank
Supreme Court of Iowa
Appeal from Polk District Court. — Hon. C. P. Holmes, Judge. Each of the appellants named above commenced actions at law. against the appellees to recover the amounts of certain drafts or checks issued to them by the Exchange Bank of Angus, upon the Citizens’ National Bank of Des Moines. They asked that one H. L. Thomas, assignee of the Angus Bank, be made a party defendant, which was accordingly done.
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Appeal from Polk District Court. — Hon. C. P. Holmes, Judge. Each of the appellants named above commenced actions at law. against the appellees to recover the amounts of certain drafts or checks issued to them by the Exchange Bank of Angus, upon the Citizens’ National Bank of Des Moines. They asked that one H. L. Thomas, assignee of the Angus Bank, be made a party defendant, which was accordingly done. The defendant Exchange Bank, through A. T. Pearson, the sole owner and proprietor thereof,' admitted his indebtedness to the plaintiffs and appellants upon the drafts. The assignee appeared,…
1Opinion of the CourtDeemer, J.
*2071 *206For ten years or more, prior to the seventh day of August, 1893, A. T. Pearson, under the name of the Exchange Bank of Angus, had been doing business with the Citizens’ National Bank of Des Moines. About the time he established his business he borrowed one thousand dollars of the Citizens’ Bank, and renewed the note given as evidence thereof, from time to time, until June 28, 1893, when he gave the note which the bank is now seeking to protect. Mosher was a surety on this note. Pearson put the money borrowed into the bank at Angus. He also made the national bank his correspondent at the city…
2Cases cited11 opinions
- Scott v. ArmstrongSupreme Court of the United States · 1892
- North Chicago Rolling Mill Co. v. St. Louis Ore & Steel Co.Supreme Court of the United States · 1894
- Schuler v. IsraelSupreme Court of the United States · 1887
- Roberts v. Austin Corbin & Co.Supreme Court of Iowa · 1868
- St. Paul & M. Trust Co. v. LeckSupreme Court of Minnesota · 1894
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3Cited by22 opinions
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- Leach v. Mechanics Savings BankSupreme Court of Iowa · 1926
- Benton v. Morningside CollegeSupreme Court of Iowa · 1926
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