Sowell v. Federal Reserve Bank of Dallas

GRUBB, District Judge.

This is a writ of error from a judgment for the defendant in error (plaintiff in the District Court) against' the plaintiff in error (defendant in that court) for the amount of a promissory note and interest, executed by the defendant, made payable to the National Bank of Cleburne, and by it indorsed to the plaintiff, and pledged as collateral security for an indebtedness in excess of the amount of the note. The National Bank of Cleburne became insolvent, and failed to pay its indebtedness to the plaintiff, which proceeded to collect the note.

Three objections to the…