First National Bank of Mineral Springs v. McKee

This is an action at law, instituted by the State Bank Commissioner, as receiver of the defunct Bank of Mineral Springs, to recover from appellant sixty-nine bales of cotton held by the latter as a pledge for the security of a debt.

It is alleged in the complaint that a portion of the debt for the payment of which the pledge was made has •been paid, and tender was made of the balance of the debt in redemption of the pledge. The answer contains a denial of the allegations of the complaint with respect to the manner in which the pledge was made and appel-lee’s right to redeem. There was a trial…