Supreme Court of Minnesota February 13, 1895, No. 9109 (Clarke v. Patrick)

CANTY, J.

This is an action against the defendant as indorser of a negotiable promissory note. The answer admits the making of the note to defendant, and the indorsement of it by him to plaintiff' for a valuable consideration before maturity, as alleged in the complaint; but alleges that the transaction between the parties was a sale by defendant to plaintiff of the note and a mortgage securing'