Wylly v. Screven

Simmons, Chief Justice.

Wylly, a rice planter, desired to obtain from Screven, a rice factor, advances to the extent of $6,000 for the purpose of cultivating his crop for the year 1892; and it was agreed between them that Wylly should give to Screven a note for $8,000, which Screven should use as collateral in obtaining from a bank the $6,000, it being a rule of the bank that it would not advance more than seventy-five per cent, on such paper, and to secure the payment of this indebtedness it was agreed that Wylly should execute to Screven a conveyance of certain property, real and personal;…