American Agricultural Chemical Co. v. Bond

Hart, C. J.,

(after stating the facts). The judgment of the circuit court was wrong. The undisputed evidence shows that Luther M. Bond executed the note sued on to J. L. Cannon, and that the note was transferred before maturity, for value, to the plaintiff. The undisputed evidence shows that the plaintiff kept the note in its possession until July 24, 1926, when it delivered it to a bank in St. Louis, to be forwarded to the First National Bank of DeQiueen, Arkansas,' for collection. That bank never was able to collect it. It is true that J. L. Cannon gave a check to the cashier of the bank in…