Clanin v. Esterly Harvesting Machine Co.

Reuben Clanin executed his promissory note calling for the payment of $248.54 in twelve months after date to Samuel Clanin, with eight per cent, interest. The note was in the ordinary form, except that it contained on its face the following stipulation, viz.: “ This note is given to secure the payment of the Universalist Church debt.” The payee afterwards assigned the note to the Esterly Harvesting Company, and the latter brought this suit, alleging the execution and assignment of the note, and that it remained due- and wholly unpaid.

It is contended, in effect, that the stipulation above set…