Matz v. Farmers & Citizens Bank of Sauk City

In 1930, the plaintiff owned a $10,000 promissory note secured by a real-estate mortgage. Her nephew, Raymond Lueth, was a member of the firm of Fisher & Lueth, a copartnership, engaged at Sauk City in a mercantile business. Prior to the late spring of 1930, Fisher & Lueth profitably operated a small variety store. In January, 1930, one Rischmueller, another local merchant became insolvent. He was heavily indebted to the defendant bank. The bank took over the liquidation of his business, and its cashier entered into negotiations with Fisher & Lueth looking to the sale of the Rischmueller…