Graham Roller Bearing Corp. v. Stone

Opinion by

Mr. Justice Frazer,

Plaintiff appeals from a decree of the court below dismissing its bill to compel defendants to satisfy a judgment procured at law, and enjoin its collection.

The bill avers that, on September 25,1920, defendants executed their joint note for $45,000 payable to the Exchange National Bank, of Olean, New York, and at the same time plaintiff, as an accommodation to the makers, and to enable them to discount the note, delivered to the bank a writing, wherein plaintiff became surety for the payment of the obligation or any renewals thereof; that demand for its payment…