Stevens v. Pierce

Opinion by

SHACKELFORD, C.

This was an action by F. L. Stevens, plaintiff in error, plaintiff below, against Josephine Pierce, defendant in error, defendant below, to recover on a promissory note.

On June 4, 1914, the defendant executed to the Lyon-Taylor Company a certain note for the sum of $298. Prior to the maturity of the note it was indorsed in blank by the payee ’and delivered to the First National Bank of Iowa City, Iowa, as collateral security for the payment of a certain note in the sum of $2,000 executed by the Lyon-Taylor Company to said bank. Thereafter plaintiff-purchased from the…