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SHERWOOD DISTILLING CO. v. PEOPLES FIRST NAT. BANK & T. CO.

No. 6348.

193 F.2d 649 (1952)

SHERWOOD DISTILLING CO. et al. v. PEOPLES FIRST NAT. BANK & TRUST CO.

United States Court of Appeals Fourth Circuit.

Decided January 3, 1952.

As Corrected on Denial of Rehearing February 18, 1952.

Attorney(s) appearing for the Case

Wilson K. Barnes, Baltimore, Md. (William Hoffenberg, Baltimore, Md., on brief) for appellants.

Charles F. C. Arensberg and Ella Graubart, Pittsburgh, Pa. (Richard F. Cleveland, Baltimore, Md., and Richard B. Tucker, Jr., Pittsburgh, Pa., on brief) for appellee.

Before PARKER Chief Judge, and DOBIE, Circuit Judge, and MOORE, District Judge.

PARKER, Chief Judge.

This is an appeal by defendants from a judgment for plaintiff for the balance due on a negotiable promissory note secured by the pledge of corporate stock and warehouse receipts. The complaint alleged that the note originally issued in the sum of $800,000 and renewed for $694,600 after certain payments had been made thereon, was executed by the defendant Sherwood Distilling Company and indorsed by that corporation, the defendant Louis Mann and...

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