Green v. Ray

GARDNER, 3.

The note here sued upon was executed by defendant, payable to the Woodlawn Savings Bank, the affairs of which are now being administered by the state superintendent of banks.

The defense is a want of consideration, the defendant insisting that the note was but the result of a scheme of Dr. Bell, president of the bank, to promote a sale of stock amounting to $40,000 for Dr. Wallace, in the Fraternal Hospital. The testimony of defendant’s witnesses tends to establish this defense and to show that no consideration moved to defendant, nor was it understood that any consideration…