Lehigh National Bank v. Seyfried

Opinion by

Me. Justice Sadler,

The Catasauqua Siik Company was a closely controlled corporation, the stock being in the possession of W. J. and E. J. Smith, brothers, and a brother-in-law, James J. Seyfried. The latter was also a director of the Lehigh National Bank, whose place of business was in the same town. At various times, loans were negotiated by the former company, represented by notes, all of which were drawn to its own order, and endorsed by the parties named. The last, a renewal, was dated July 7, 1914, payable ninety days thereafter. This obligation was signed as before, except…