First National Bank v. Lawall

Opinion by

Mr. Justice Sadler.

One Tbomas was tbe owner of an interest in a coal lease, wbicb be_ assigned as collateral security to a sav*408ings bank at Pittston. Later, he transferred his remaining equity therein to the plaintiff here, to protect any loans he might have or thereafter make. Within a month, in 1915, he borrowed a considerable sum on four notes, drawn to the order of Lawall, the defendant, and another, both of whom endorsed the same, and guaranteed prompt payment according to the terms of the obligations, and these notes were discounted by the plaintiff. It was to recover on the…