Monroe v. State Bank of Patch Grove

There are many facts in this case as to which there is no conflict in the evidence. The bank was unwilling to lend the money to Sumner without security, and in order to obtain the loan for Sumner Wirt Monroe signed as surety. It was conceded that during the whole period he was financially responsible.

After Sumner removed to Minnesota the bank naturally looked to Wirt Monroe for payment and so notified him. Monroe' recognized the liability, and in order that he might have some security requested the bank to obtain a new note and a mortgage from Sumner. The testimony shows that he believed the…