Hammons v. O'Brien

This suit was brought by the superintendent of banks, as receiver of the Mayer State Bank, to collect from J. E. O’Brien five promissory notes, taken over by the superintendent as part of the assets of such bank. The notes were in regular form, signed by O’Brien, and payable to the Mayer State Bank. The defense, as set out in the answer to the complaint, was:

“That defendant did not, for himself or for his own use or benefit, receive any consideration whatsoever for the said promissory notes or any of them; that all of the moneys represented by said promissory notes were moneys advanced for…