Ray v. Atlantic Life Insurance

On or about 15 August, 1925, tbe plaintiff and bis wife executed and delivered to tbe Federal Trust Company of Richmond, Va., at Hillsboro, N. C., ten notes aggregating tbe sum of $3,000, and twenty notes aggregating tbe sum of $990. Tbe consideration for tbe ten notes was the agreement of tbe Federal Trust Company to lend to tbe plaintiff tbe sum of $3,000. Tbe consideration of tbe twenty notes was the interest which would accrue on the ten notes from their date to their respective maturities. Upon the delivery of said notes to it, the Federal Trust Company delivered to the plaintiff the sum…