Chase National Bank v. Healy

This is an action upon a promissory note, a renewal of one of like amount, signed by the defendant and payable to the order of the Manchester Manufacturing Company, and indorsed by that company while current to the Equitable Trust Company óf New York, as a part of the collateral security for a loan from the Trust Company to it. The Equitable Trust Company merged with the Chase National Bank, which became the holder of the note subject to the ownership rights of the Trust Company. At the close of all the evidence the trial court directed a verdict for" the-plaintiff, and the case is before us…