Alexandria Bank & Trust Co. v. Honeycutt

The defendants J. W. Honeycutt and W. R. O’Neal indorsed a note of Canal Land & Live Stock Company, for $5,-000, interest, and attorneys’ fees in case of suit. The note was not paid, and there was judgment below against the indorsers for the full amount, subject, however, to a credit of $1,250, from which judgment Honeycutt alone appeals.

At the time the note was indorsed by the defendants, it was secured by pledge of 10 shares of the Home Investment Company, 20 shares of the Day Builders Supply Company, and sundry other shares of stock of no value —all of which belonged to the said W. R.…