Canal Bank & Trust Co. v. Brewer

I do not agree with the conclusion announced in the main opinion, as to the effect of the subordination agreement entered into by the Missouri State Life Insurance Company and W.P. Holland subordinating several of the series of notes to the payment of a like number of the series, in point of time due prior to the subordinated notes.

The Gidden-Townsend and McNally notes sued upon herein contained this statement on the face of each note: "Secured by deed of trust of even date herewith." This statement was on the face of the notes when executed, and when indorsed by Brewer subsequent to…