Kolmitz v. Jansen

First of all, one Mrs. Schelling gave her promissory note for $2,400 to the appellant, who was the plaintiff below. This note was secured by a mortgage on real estate. Later the appellant pledged the note to a bank in Seattle as collateral security for a loan then made to him. As a part of the process of pledging, he endorsed his name on the back of the note near the top. Subsequently, the indebtedness *309being paid, tbe bank surrendered tbe note to him, but his name on the back was not crossed off, but allowed to remain. Still later, the appellant had the note in some bank in San Francisco, for…