Tallahatchie Home Bank v. Aldridge

The Tallahatchie Home Bank filed suit against the appellee, C. H. Aldridge, on one of a series of five notes given by Aldridge to the Keystone Cotton Oil Company, a -nonresident corporation, for stock of said corporation. The Keystone Cotton Oil Company is a Tennessee corporation, but was operating a cotton oil mill in Mississippi. The notes were payable to bearer, and the stock was attached to the notes when' given as collateral security therefor.

The declaration alleged that the Tallahatchie Home Bank was the purchaser, for value, without notice, prior to the maturity of the notes.

The…