Gower v. Halloway
Supreme Court of Iowa
Appeal from, Johnson District Court. The facts are stated in the opinion of the court. relied upon Edwards on Bills and Prom. Notes, 192, and note 193, and 219; 5 Wend., 490; Kasson y. Smith, 8 Wend., 437; Smith v. Beclcett, 13 East., 186.
1Opinion of the CourtBaldwin, C. J.
The defendants borrowed of one E. O. Lyon the sum of two hundred and fifty dollars, and executed to him their promissory note therefor, payable one year after date. Gower Brothers & Co. signed this note as security. To indemnify their indorser against any loss they might sustain by the signing of said note, as security, the defendants executed to said Gower Brothers & Co. their joint promissory note in the sum of three hundred dollars, payable at the time the note to Lyon became due.
About the time of the maturity of the note to Lyon, Halloway placed money in the hands of Hemmingway, his…
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