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OWENS v. CONTINENTAL SUPPLY CO.

No. 993.

71 F.2d 862 (1934)

OWENS v. CONTINENTAL SUPPLY CO.

Circuit Court of Appeals, Tenth Circuit.

June 11, 1934.

Attorney(s) appearing for the Case

C. M. Oakes, of Tulsa, Okl. (Christy Russell, of Tulsa, Okl., on the brief), for appellant.

W. N. Banks, of Independence, Kan. (J. F. Lawrence, of Tulsa, Okl., on the brief), for appellee.

Before PHILLIPS, McDERMOTT, and BRATTON, Circuit Judges.

McDERMOTT, Circuit Judge.

For a valuable consideration, appellant executed and delivered to appellee his negotiable promissory notes for $33,787.39, which are due and unpaid. Appellant transmitted the notes to appellee with a letter, describing them fully, and providing:

"Payment of said notes is secured by a lien on my riverbed leases in Sections 5 and 17, Township 18 North, Range 7 East, Creek County, Oklahoma, such lien to be evidenced at a later date by...

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