Yeadon v. Farmers Elevator of Scranton

On August 21, 1936, plaintiff, holder of a promissory note, brought thereon this action at law against defendant, an endorser. The material portion of the note is the following:

“500.00 Scranton, Iowa, Dec. 31, 1919

“Sixty days after date for value received I promise to pay to the order of Farmers Elevator Co., at the Farmers Merchants Bank, Scranton, Iowa, Five hundred dollars only - - - - dollars with interest at the rate of 8 percent from Date. Interest payable annually. Principal and interest to draw 8 percent after becoming due. * * *

“Harley E. Jackson.”

Plaintiff alleges that no part of…