Queen City Savings Bank & Trust Co. v. Reyburn

J. B. McPHERSON, District Judge.

This is an action brought by the plaintiff as indorsee, against the defendant as maker, of two promissory 'notes for $5;000 each, due at four months from October 20 and 25, 1906, respectively. The case having been submitted to the court without a jury, I find the facts to be as follows:

1. In the fall of 1906, the defendant was in need of money to carry on a business enterprise in which he had an interest, and in order to raise the needed funds he agreed with the Union Potteries Company, an Ohio corporation, through the agency of a broker in New York City, to…