Wood v. Traders' Securities Co.

Defendants, upon the purchase of certain merchandise from the Arch Manufacturing Company, executed to said company trade acceptances in the sum of $39.60 each, which were assigned to plaintiff corporation. This suit was for recovery in separate counts upon five of said trade acceptances, resulting in a judgment for plaintiff, from which defendants appeal.

Defendants take the point that the court was without jurisdiction, as the amount of each trade acceptance was below the jurisdictional sum of $50. Section 6676, Code 1923. But the aggregate of these acceptances was far in excess of this…