United States v. Joseph W. Hart and J. Carl Russell

BOYD, District Judge.

The government sued the defendants-appellants herein for $83,900.63 plus interest, the balance allegedly owing on a loan contracted with two certain banking institutions, the payment of which the appellants had unconditionally guaranteed. The claim herein against the appellants had been assigned by the aforesaid banks to the government after the latter had paid on its own guaranty of 90% of the obligation. The government’s guaranty was executed pursuant to Executive Order 9112, U.S.Code Cong. Service 1942, p. 268, issued under authority of the First War Powers Act of…