Chemical National Bank v. City Bank

This was an action of assumpsit, brought by the City Bank of Portage against the Chemical National Bank of Chicago. The declaration contained the common counts and one special count on the following promissory note :

Ҥ5000. Chicago, III., Feb. 15,1898.

“Pour months........days after date I promise to pay to the order of Theodore Wetmore §5000 at Chemical National Bank of Chicago, value received, with interest at the rate of six per cent per annum after due, having deposited with this note, as collateral security, certificate No. 477 for fifty shares stock of Chemical National Bank of Chicago,…