Wells v. United Savings Bank

Plaintiff sued defendant to recover $1,275 and $225 interest thereon, a total of $1,500. There was verdict for plaintiff and judgment for defendant notwithstanding. Plaintiff appeals.

Plaintiff alleges that from the estate of his father he became the owner of $1,550 in stock in the American Building & Loan Association, of Jackson; that March 19, 1934, he assigned this stock to defendant to apply on plaintiff’s indebtedness to the Federal Land Bank, of St. Paul, $1,000 at par, and $550 at 50 cents on a dollar; that defendant refused to pay or credit $1,275 on the Federal Land Bank mortgage…