Grenola State Bank v. Lynam

The opinion of the court was delivered by

Hopkins, J.:

The action was one to recover on a promissory note. Plaintiff prevailed, and a defeated indorser appeals.

The facts are substantially these; The Citizens State Bank of Grenola secured the rediscount of a considerable amount of paper by the Traders National Bank of Kansas City. The appealing defendant was cashier of the Citizens Bank. The transaction in this case was like others between the two banks. Lynam executed a note to Kyser bearing eight per cent interest. Kyser indorsed the note and rediscounted it to the Traders, the Traders…