Federal Savings & Trust Co. v. Davis

-HATCHER, PRESIDENT:

In this action the plaintiff recovered a judgment of $6,-624.79 on a note. The note was dated August 10, 1920, was .signed by defendants as makers, and was payable in the sum of $5,000.00 one year after date to the order of Armoreord Rubber Company. The name of the company was endorsed on the note by Joseph H. McDermit, its president. It was also endorsed by him individually.

The president of the plaintiff testified that his b&nk accepted the note from McDermit in January 1925 as collateral on a note of McDermit’s. The witness also filed with his evidence two certificates,…