Mansfield v. First National Bank

*666The opinion of the court was delivered by

Stiles, J.

On the 6th of January, 1891, the firm of Burrows & Anderson borrowed $1,000 from the First National Bank of Whatcom, to secure the payment of which they gave the bank their note due in sixty days. On March 10th they gave a renewal of the note, and on May 12th a second renewal note. The last named note would not have been due until July 14th. On May 23d, ascertaining that they were insolvent, they conferred with the bank officials and informed them of their condition, and that it would probably be necessary for them to make an assignment at an…