American National Bank of Beaver Dam v. Clark

The only question brought before us is whether the note and mortgage of claimant E. L. Anderson for $4,500, held by claimant American National Bank of Beaver Dam, Wisconsin, has been paid. This depends upon the relationship of the parties to and the effect of their transactions with Sehanke & Company. The claimant E. L. Anderson, owning a quarter section, on October 15, 1919, gave his note for $4,500, payable to the order of Sehanke & Company, and a mortgage on the south 80, to secure it. On June 1, 1922, Anderson gave a mortgage for $2,000 on the north 80 to claimant Ella R. Roberts. The…