Empire Trust Co. v. Bartley & Co.

Mining & Development Corporation, on November 3, 1934, executed a promissory note for $12,000, payable three months thereafter to the order of “ ourselves,” which it then indorsed. On the same day the note was indorsed by the defendant Bartley & Co., Inc., and thereafter by the impleaded defendants August Heckscher and Floyd deL. Brown. At the time of the indorsement of the note by Bartley & Co., Inc., Heckscher and Brown, an agreement was executed by these indorsers which provides as follows: “It is agreed between the undersigned that whereas we have each this day endorsed a note dated this…