Ward v. Bank of Pocahontas

We are to determine if appellant is liable as endorser on a certain negotiable note of $4,250, of date December 13, I927-

There were two banks in the town of Pocahontas, Virginia *172—the First .National Bank of Pocahontas and the Bank of Pocahontas:■'‘In October,1 1926,' the First National Bank of Pocahontas, because' of embezzlement by "its. qashier, was forced to suspend., JFor public reasons and not.for private profit,-the Bank, of Pocahontas was willing to take over its affairs. An agreement'to that effect was fnade, was reduced to writing and bear's date November 14, 1926. The substance of…