Stevens v. Stembridge

Stevens executed to Stembridge five promissory notes, and at the same time delivered a mortgage to secure their payment, on certain real and personal property. Being indebted to the Milledgeville Banking Company, Stembridge indorsed and delivered two of the notes to that company as collateral to secure his indebtedness. Subsequently Stembridge, for the use of the Milledgeville Banking Company, brought suit against Stevens upon these two notes. To this action the defendant filed a plea in bar, alleging that on January 15,1895, plaintiff, for the use of the Milledgeville Banking Company,…