Drake v. Sherman

On the 11th day of March, 1893, one John McDermott, a grain merchant of Lake City, was doing business with the Hardware Bank at Lovington, Illinois, of which bank appellants were proprietors, and on that date McDermott and appellees executed and delivered to appellants an instrument in writing, as follows:

“For and in consideration of one dollar in hand paid, the receipt whereof is hereby acknowledged, we, the undersigned, hereby agree to pay Drake, Hostetler & Son, proprietors of Hardware Bank, at Lovington, Illinois, any loss they may sustain through and by virtue of overdrafts on said…