Elgin National Bank v. Goecke
Illinois Supreme Court
Writ of Error to the Appellate Court for the Second District;—heard in that court on appeal from the Circuit Court of Kane county; the Hon. Mazzini SlussER, Judge, presiding.
1Opinion of the CourtJustice Duncan
On September 18, 1911, Frank A. Goecke was manager and Henry Schmidt was president of the Elgin National Brewing Company. Goecke borrowed $3000 from the Elgin National Bank and Schmidt guaranteed the note given by Goecke for the loan. The money was turned over-to Goecke. and by him placed in the First National Bank of Elgin and checked out to pay the indebtedness and operating expenses of the brewing company. This Goecke-Schmidt note has never been paid but has been renewed from time to time. The last renewal was made November 22, 1912, by the giving of a new note due in six months from that…
2Cases cited3 opinions
- Manning v. McClureIllinois Supreme Court · 1865
- Naef v. PotterIllinois Supreme Court · 1907
- Mix v. National BankIllinois Supreme Court · 1878
3Cited by15 opinions
- Weger v. Robinson Nash Motor Co.Illinois Supreme Court · 1930
- Beebe v. KirkpatrickIllinois Supreme Court · 1926
- First National Bank of Elgin v. AchilliAppellate Court of Illinois · 1973
- Hall v. Windsor Savings BankSupreme Court of Vermont · 1923
- Village of Crainville v. Argonaut InsuranceIllinois Supreme Court · 1980
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