First National Bank v. Baer

Opinion by

Ms. Justice Sadler,

The plaintiff is a national bank, and had amongst- its customers the Greencastle Fertilizer & Rendering Com-. pany, in which defendants were directors, and also financially interested. Checks of the corporation had been deposited in the former to the amount of $5,700, and credit given, but they were returned protested. With other claims, the total indebtedness had reached $7,000, and this was unsecured. A demand was made for immediate adjustment, and the result was the execution of a note for the sum due, signed by the president and treasurer of the Fertilizer…