McFarland v. Johnston

Hamilton. J.

The fact situation necessary to a correct understanding of the issues involved, and to a solution of the legal questions presented, is as follows: The defendant C. N. Johnston was a Louisa county farmer, who, prior to January, 1926, was president of the Farmers & Merchants State Bank of Columbus Junction, Iowa. He was the owner of a large amount of property, and en gaged in farming and stock raising on a large scale. There were five farms in Louisa county, referred to in the record as the “Duncan Farm”, consisting of 320 acres, in which he owned a half interest; the “Gilkey Farm”,…