Farmer's Saving Bank v. Reed

FARRINGTON, J. —

We practically adopt the statement of the case in appellant’s brief.

This is a suit on a promissory note for five hundred dollars. On December 1,1914, W. A. Smith owned a saloon in Poplar Bluff, Mo., but the dramshop license was in the name of Victor Davis. Smith sold the saloon to Elbert Johnson and Ed. Willis and as part payment for Johnson’s half of the purchase price Smith took the *345note in question signed by Johnson with appellant Reed and others as sureties, all appearing, however, as makers. Smith indorsed and sold the note to respondent bank about February the first,…