Thompson v. Farmers National Bank

Opinion of the Court by

Chief Justice Hobson.

Affirming.

In March, 1893, John B. Thompson and W. H. Thomas and Son bought of 'Chinn and Morgan a half interest in a stable of racing horses for $12,000. Thompson .paid $6,000, and W. H. Thomas and Son executed two notes each for $3,000 to John B. Thompson, which he endorsed and delivered to Chinn and Morgan. One of these notes was afterwards paid. The other, 'Chinn and Morgan delivered to E'. W. Lee in satisfaction of $3,000 which they owed him. Lee discounted the note at the Farmers’ National Bank of Danville. The note was renewed .several times…