First National Bank v. Hemrich

In October, 1934, the respondent bank commenced two separate actions predicated upon promissory notes made by John A. Hemrich. One suit was based upon notes made by Hemrich alone and the other upon a note signed by Hemrich and also by the Old Yankee Syrup Company, a corporation. Amelia Hemrich, as guarantor * of all of the notes, was made a defendant in each suit. In each complaint, it was alleged that Hemrich had pledged and delivered to the plaintiff six hundred and ninety-seven shares of the capital stock of the First National Bank of Seattle as security for the payment of the note or…