Egbert v. Hanson

The plaintiffs, the defendant Hanson’s testator and the remaining defendant Smith, together with one Cameron, for the purpose of loaning their credit to the White Cloud Copper Mining Company, of which each of the persons referred to was a director, indorsed each of three notes, amounting in the aggregate to $10,000, for the accommodation of said company, which thereafter negotiated the notes for value. The corporation and the defendant Smith were insolvent when the obligations matured and are now insolvent, and the indebtedness was paid by the plaintiffs who seek contribution in this action…