Estate of Towne v. Claim of Buckley

Mr. Presiding Justice Taylor

delivered the opinion of the court.

Between August 1, 1919, and January 10, 1920, one Norman Towne had a series of transactions on the Board of Trade in Chicago, through the brokerage firm of Buckley & Company. On December 31,1919, he gave Buckley & Company two promissory notes, one for $13,000 and one for $4,000, each due in thirty days, with interest at seven per cent per annum. They were given to cover his account up to December 31, 1919. Norman Towne died on January 10, 1920, and upon closing up his transactions he owed, according to the claim of Charles W.…