FEDERAL RESERVE BANK OF PHILADELPHIA v. ALGAR

No. 4286.

22 F.Supp. 168 (1937)

FEDERAL RESERVE BANK OF PHILADELPHIA v. ALGAR et al.

District Court, D. New Jersey.

February 25, 1937.


Attorney(s) appearing for the Case

Cole & Cole, of Atlantic City, N. J., for plaintiff.

Endicott & Endicott, of Atlantic City, N. J., for defendants.


AVIS, District Judge.

Plaintiff instituted suit against defendants on a certain promissory note, dated December 12, 1932, made by Reba Cook Algar to the order of herself, and indorsed by the maker, her husband, Leonard D. Algar, and Algar Company. This was a renewal of a prior note on which a payment had been made. It was to secure the sum of $2,000, payable two months after date; was discounted at the Atlantic City National Bank of Atlantic City, N. J. (hereinafter...

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