Mechanics & Metals Nat. Bank v. Warner

The note sued on was, acquired by plaintiff before maturity, and the only question is as to whether it is a negotiable note, so that the equities as between the maker and the payee may not be pleaded. It reads as follows:

“$14,871.60. Bogalusa, La., Dec. 16, 1912.

“One year after date, I, we, the signers,'indorsers, sureties, or either of us, in solido, promise to pay to the order of the Commercial Bank, Bogalusa, Louisiana, fourteen thousand eight hundred seventy-one and 60/100 dollars with interest at the rate of 8 per cent, per annum from maturity until paid, for value received.

“This note is…