Jones v. Central Hanover Bank & Trust Co.

Ellis, J.,

(concurring) — It seems to me that the situation which gave rise to the litigation in this case may be tersely stated as follows: Jones was indebted to the State Bank of Bartow in the sum of $500.00. He executed a negotiable promissory note to the Bank in that amount dated March 13, 1929, payable ninety days after date as evidence of such indebtedness. The Bank before maturity endorsed the note to the Hanover Bank and Trust Company of New York as collateral security for a debt which the payee owed to the latter Bank. The Bank of Bartow became insolvent and was placed by State…