Chandler v. Bank of Waynesboro

The bank sued a corporation as maker and the plaintiff in error and others as indorsers upon a promissory note. The name of the maker was signed at-the foot of the instrument, and the names of the plaintiff in error and other defendants were signed upon the back. The note contained an assignment of certain stock certificates and notes receivable as collateral security, and the following provision: “ With the further right to said bank to call for additional security, and, on failure to respond, to declare this note due, payable, and collectible.” Before maturity the bank, in writing, called…