Taylor v. Woodburn Bank

— On July 17, 1920, the Woodburn Bank issued to Julia and A. L. Gammon four certificates of deposit in various amounts, aggregating $5,791.63. Aside from the name of the payee and the amount stated therein, the certificates are identical, in the follpwing form:

“Certificate Woodburn Bank 72-1659

of No. 22516

Deposit Woodburn, Iowa, July 17, 1920.

“Julia A. Gammon has deposited in this bank six hundred eighty-six dollars and forty cents ($686.40) payable to the order of Self in current funds upon the return of this certificate properly endorsed, if left 6 or 12 months with interest at the rate of…